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Oct. 29, 2020, 5:58 p.m. EDT

Zendesk stock surges as results, outlook top Street view

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    Zendesk Inc. (ZEN)

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By Wallace Witkowski


Zendesk Inc. /zigman2/quotes/209571012/composite ZEN +2.67% shares rallied in the extended session Thursday after the enterprise-software company’s results and outlook topped Wall Street estimates. Zendesk shares surged 7.5% after hours, following a 1.8% rise in the regular session to close at $106.03. The company reported a third-quarter loss of $40.7 million, or 35 cents a share, compared with $34.2 million, or 31 cents a share, in the year-ago period. Adjusted earnings were 18 cents a share. Revenue rose to $261.9 million from $210.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 11 cents a share on revenue of $253.7 million. For the fourth quarter, Zendesk expects revenue of $274 million to $279 million, while analysts had forecast revenue of $273.6 million. The company also said it would “no longer occupy” two of the office buildings it had leased in San Francisco, and that it expects to record a charge of $13 million to $17 million as a result.

$ 146.90
+3.82 +2.67%
Volume: 1.82M
July 23, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$17.43 billion
Rev. per Employee

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