Category: Stock Market News

Shares of Veeva Systems Inc. gained in Thursday’s extended session after the cloud-based software company geared to the life sciences industry posted quarterly earnings and revenue ahead of estimates. Veeva Systems reported its first-quarter earnings fell to $12.5 million from $13 million a year earlier. On per-share basis, earnings were flat at 9 cents a share. Adjusted earnings came in at 15 cents a share. Revenue grew 33% to $119.8 million. Analysts surveyed by FactSet had forecast the company to earn 11 cents a share on revenue of $115 million. For the current quarter, Veeva projected adjusted EPS of 13 cents and revenue of $125.5 million to $127 million. Shares rallied 9.9% after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Shares of Veeva Systems Inc. gained in Thursday’s extended session after the cloud-based software company geared to the life sciences industry posted quarterly earnings and revenue ahead of estimates. Veeva Systems reported its first-quarter earnings fell to $12.5 million from $13 million a year earlier. On per-share basis, earnings were flat at 9 cents a share. Adjusted earnings came in at 15 cents a share. Revenue grew 33% to $119.8 million. Analysts surveyed by FactSet had forecast the company to earn 11 cents a share on revenue of $115 million. For the current quarter, Veeva projected adjusted EPS of 13 cents and revenue of $125.5 million to $127 million. Shares rallied 9.9% after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Splunk Inc. shares fell in the extended session Thursday even after the machine-data software company met Wall Street estimates for the quarter and raised their guidance. Splunk shares fell 5.8% to $51.75 after hours. The company reported an adjusted first-quarter loss of 2 cents a share on revenue of $186 million. Analysts surveyed by FactSet had forecast a loss of 2 cents a share on revenue of $174.1 million. Splunk now sees full revenue of $892 million to $896 million, while analysts expect $883 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Shares of Palo Alto Networks Inc. sank in Thursday’s extended session after the advanced-firewall company issued a subdued outlook. Palo Alto Networks reported its fiscal third-quarter loss widened to $70.2 million, or 80 cents a share, from a loss of $45.9 million, or 56 cents a share, a year ago. On an adjusted basis, the company would have earned 42 cents a share. Revenue grew 48% to $345.8 million and billings jumped 61% to $486.2 million. Analysts surveyed by FactSet had forecast earnings of 42 cents a share on revenue of $340 million. The company also projected adjusted EPS of 48 cents to 50 cents and revenue in a range of $386 million to $390 million in the fourth quarter. Analysts are looking for fourth-quarter earnings of 50 cents and revenue of $389 million. Palo Alto shares tanked more than 8% in after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Shares of Palo Alto Networks Inc. sank in Thursday’s extended session after the advanced-firewall company issued a subdued outlook. Palo Alto Networks reported its fiscal third-quarter loss widened to $70.2 million, or 80 cents a share, from a loss of $45.9 million, or 56 cents a share, a year ago. On an adjusted basis, the company would have earned 42 cents a share. Revenue grew 48% to $345.8 million and billings jumped 61% to $486.2 million. Analysts surveyed by FactSet had forecast earnings of 42 cents a share on revenue of $340 million. The company also projected adjusted EPS of 48 cents to 50 cents and revenue in a range of $386 million to $390 million in the fourth quarter. Analysts are looking for fourth-quarter earnings of 50 cents and revenue of $389 million. Palo Alto shares tanked more than 8% in after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Twilio Inc., the San Francisco-based company which enables developers to build communications within software applications, has filed for an initial public offering. The company plans to list its shares on the New York Stock Exchange, under the symbol “TWLO.” Goldman Sachs and J.P. Morgan are the lead underwriters. The number of shares to be sold and the expected IPO price have not yet been determined. The latest valuation of the company, which has received $240 million in equity funding, is $1 billion, according to the WSJ. The company recorded loss of $6.5 million on revenue of $59.3 million in the first quarter, and a loss of $35.5 million on revenue of $166.9 million in 2015. Twilio had over 28,000 active customer accounts as of March 31, 2016.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Reata Pharmaceuticals Inc. shares surged more than 11% in their trading debut Thursday, after the company priced its initial public offering at $11 a share, below its range of $14 to $16. The company sold 5.5 million shares late Wednesday to raise $60.5 million. Citigroup, Cowen and Company and Piper Jaffray & Co. were joint book runners on the deal.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Reata Pharmaceuticals Inc. shares surged more than 11% in their trading debut Thursday, after the company priced its initial public offering at $11 a share, below its range of $14 to $16. The company sold 5.5 million shares late Wednesday to raise $60.5 million. Citigroup, Cowen and Company and Piper Jaffray & Co. were joint book runners on the deal.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Shares of Cotiviti Holdings Inc. , which provides payment accuracy services to healthcare providers, fell below its initial public offering price in morning trade Thursday. The stock’s first trade was at $19 at 10:45 a.m. ET, matching the IPO price. It has since dropped 1.9% below that price to change hands at $18.65 in recent trade. The company sold 12.5 million shares at $19 each, to raise $237.5 million. The IPO was at the top of the expected pricing range of $17 to $19.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News