Revenue beat expectations, but the stock fell nearly 20% after hours 📉
ServiceNow reported third-quarter revenue of $4.106 billion, up 20% year over year.
But EPS came in at $1, below expectations, and its fourth-quarter contract growth guidance was also weaker than the market wanted.
I think that no matter how strong AI orders are, the company still has to clear the profitability hurdle first. The $8 billion price tag for Armis hasn’t been fully accounted for yet.
If it can get back above $150 at tonight’s open, then the points above no longer hold.
$NOW
#股票财报季
ServiceNow reported third-quarter revenue of $4.106 billion, up 20% year over year.
But EPS came in at $1, below expectations, and its fourth-quarter contract growth guidance was also weaker than the market wanted.
I think that no matter how strong AI orders are, the company still has to clear the profitability hurdle first. The $8 billion price tag for Armis hasn’t been fully accounted for yet.
If it can get back above $150 at tonight’s open, then the points above no longer hold.
$NOW
#股票财报季
