: ServiceNow stock slips as results top Street view


    ServiceNow Inc. NOW, -0.96% shares slipped in the extended session Wednesday even after the workflow software maker’s results topped Wall Street estimates. ServiceNow shares fell 4% after hours, following a 1% decline in the regular session to close at $557.24. The company reported first-quarter net income of $82 million, or 41 cents a share, compared with $48 million, or 24 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.52 a share, compared with $1.05 a share in the year-ago period. Revenue rose to $1.36 billion from $1.05 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast $1.35 a share on revenue of $1.34 billion. ServiceNow shares are up 88% over the past 12 months, compared with a 63% gain on the tech-heavy Nasdaq Composite Index COMP, -0.28%.

    This article was originally published by Marketwatch.com. Read the original article here.

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