Atlassian Corp. (NAS:TEAM) shares rallied in the extended session Thursday after the business collaboration software company’s results and outlook topped the Wall Street consensus. Atlassian shares surged 9% after hours, following a 0.9% decline in the regular session to close at $266.79. The company reported a fiscal fourth-quarter loss of $213.1 million, or 85 cents a share, compared with a loss of $385.2 million, or $1.56 a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 24 cents a share, compared with 25 cents a share in the year-ago period. Revenue rose to $559.5 million from $430.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast 18 cents a share on revenue of $471.6 million. Atlassian forecast adjusted earnings of 38 cents to 39 cents a share on revenue of $575 million to $590 million for the first quarter. Analysts had estimated 30 cents a share on revenue of $539.1 million.
July 29, 2021, 4:36 p.m. EDT