Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

Oct. 17, 2019, 4:23 p.m. EDT

Atlassian stock declines after slight beat

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Atlassian Corp. PLC Cl A (TEAM)

or Cancel Already have a watchlist? Log In

By Wallace Witkowski

TEAM

Atlassian Corp. /zigman2/quotes/207177221/composite TEAM +1.34% shares declined in the extended session Thursday even after the enterprise cloud-software company posted results and an outlook slightly above Wall Street estimates. Atlassian shares fell 3.3% after hours, following a 1.3% decline in the regular session to close at $122.64. The company reported fiscal first-quarter net income of $69.3 million, or 28 cents a share, compared with a loss of $242.4 million, or $1.03 a share, in the year-ago period. Revenue rose to $363.4 million from $267.3 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 24 cents on revenue of $351.8 million. Atlassian expects adjusted fiscal second-quarter earnings of about 27 cents a share on revenue of $386 million to $390 million, while analysts had forecast 26 cents a share on revenue of $381.5 million. Atlassian also announced it acquired automation company Code Barrel for an undisclosed amount.

/zigman2/quotes/207177221/composite
US : U.S.: Nasdaq
$ 121.49
+1.61 +1.34%
Volume: 981,127
Nov. 13, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$29.47 billion
Rev. per Employee
$391,879
loading...

Get news alerts on Atlassian Corp. PLC Cl A — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.