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July 29, 2021, 4:53 p.m. EDT

Zendesk stock drops as results fall short of Street view

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By Wallace Witkowski


Zendesk Inc.  /zigman2/quotes/209571012/composite ZEN +2.28%  shares fell in the extended session Thursday after the enterprise-software company’s quarterly results came up short against Wall Street expectations. Zendesk shares dropped 10% after hours, following a 0.2% decline in the regular session to close at $150.52. The company reported a second-quarter loss of $58.4 million, or 49 cents a share, compared with a loss of $64.7 million, or 56 cents a share, in the year-ago period. Adjusted earnings, which exclude share-based compensation expenses and other items, were 13 cents a share, compared with 14 cents a share in the year-ago period. Revenue rose to $318.2 million from $246.7 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 16 cents a share on revenue of $320.4 million. For the third quarter, Zendesk expects revenue of $332 million to $337 million, while analysts had forecast revenue of $335.8 million.

$ 92.58
+2.06 +2.28%
Volume: 537,915
Jan. 28, 2022 12:33p
P/E Ratio
Dividend Yield
Market Cap
$11.01 billion
Rev. per Employee

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