Atlassian stock falls from record high after earnings beat
Atlassian Corp. PLC shares fell in the extended session Thursday after the enterprise software company released fiscal second-quarter results, which beat revenue and earnings expectations. Atlassian shares fell 3.8% to $53.48 after hours. The stock closed at a record high of $55.60 during the regular session Thursday. The company reported a fiscal second-quarter net loss of $65.2 million, or 28 cents a share, compared with a loss of 1.6 million, or one cent a share, in the year-ago period. Adjusted earnings were 13 cents a share. Revenue rose to $212.6 million from $148.9 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings 12 cents a share on revenue of $204.5 million. For the fiscal third quarter, analysts model adjusted earnings of 11 cents a share on revenue of $215.2 million. Atlassian stock has gained 104% in the last 12 months, with the S&P 500 index rising 23%.
Source : MTV
