ServiceNow Posts 3Q EPS of 27 Cents
NOW sits 86% above its 52-week low of $81.24.
Summary
ServiceNow reported third-quarter EPS of 27 cents, alongside net income of $277 million and revenue of $4.11 billion. Subscription revenue rose 21% year over year, and adjusted EPS came in at $1. Context matters here: the company beat on Q2 subscription revenue of $3.88 billion and raised its full-year outlook in July, so the bar into this print was already high. The 27-cent figure is no longer the only hard number available, as the release now includes revenue, net income and adjusted earnings, which will determine direction.
At the time of this announcement, NOW was trading at $151.00 on NYSE in the Technology sector, with a market capitalization of approximately $155.2B. The 52-week trading range was $81.24 to $192.97. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.