ServiceNow Shares Tumble 11.9% in After-Hours Trading Despite Earnings Beat
ServiceNow shares plunged 11.9% in after-hours trading after the company posted an earnings beat for the quarter. The unexpected drop contrasted with the S&P 500’s 1% gain and Nasdaq’s 1.6% rally in the regular session.
1. Earnings Beat and After-Hours Sell-Off
ServiceNow reported quarterly earnings that topped analyst forecasts, but shares plunged 11.9% in after-hours trading. The sharp decline came despite revenue and profit surpassing consensus estimates for the period.
2. Extended Trading Market Dynamics
The sell-off occurred as US stock futures edged lower following record intraday highs in the S&P 500 and Nasdaq Composite. Other major tech names also saw mixed extended-session moves, with IBM sliding 6.8% after reporting slowed revenue growth.
Related News
CNS
Cohen & Steers Partners with J.P. Morgan on Short-Duration Hybrid Credit Fund Expansion
CNS•
TJX
TJX Beats Q1 EPS by $0.20, Comps Up 6% and Spain Store Launch
TJX•
TSLA
SpaceX $1.25 Trillion IPO Could Lift Musk’s Wealth Above $1 Trillion
TSLA•
AVGO
Nvidia Predicts $91B Q3 Sales, Boosts Dividend and $80B Buyback; Broadcom Poised for AI Inference Growth
AVGO•
WPM
Wheaton Precious Metals Publishes Report Highlighting $9.4M Community Investment and MSCI AAA Rating
WPM•
Sources
FF