NOW Stock: ServiceNow Profits Beat Views, But Stock Falls On Revenue
ServiceNow (NOW) on Wednesday reported December-quarter earnings that topped views while revenue growth only met expectations. NOW stock tumbled, though 2023 subscription revenue guidance came in above expectations.
Reporting after the close, the Santa Clara, Calif-based enterprise software maker said earnings climbed 46% to $2.28 per adjusted share. Revenue climbed 20% to $1.94 billion, ServiceNow said.
Meanwhile, NOW stock analysts expected the company to report earnings of $2.02…