ServiceNow trounces earnings, stock rips after-hours
Cloud software company ServiceNow surged in the after-hours session after reporting Q2 earnings and sales numbers that outpaced analyst expectations.
Non-GAAP Q2 earnings per share arrived at $4.09, compared to expectations of $3.57, and sales of $3.22 billion were better than the $3.12 billion the Street foresaw.
The company also increased its guidance for full-year subscription revenue to a midpoint of $12.79 billion, up from the previous midpoint guidance of $12.65 billion.
Roughly an hour after the close, the stock was one of the top performers of the S&P 500 in the after-hours session, rising more than 6.5%, FactSet data shows.
The company also increased its guidance for full-year subscription revenue to a midpoint of $12.79 billion, up from the previous midpoint guidance of $12.65 billion.
Roughly an hour after the close, the stock was one of the top performers of the S&P 500 in the after-hours session, rising more than 6.5%, FactSet data shows.
