What's Going On With Okta Shares After Hours?
Portfolio Pulse from Adam Eckert
Okta Inc (NASDAQ:OKTA) reported strong Q1 results, beating consensus estimates for both earnings per share and revenue. The company also raised its revenue and earnings guidance for fiscal year 2024. Despite the positive news, Okta shares fell 13.4% in after-hours trading.
May 31, 2023 | 9:21 pm
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Okta reported strong Q1 results and raised its FY2024 guidance, but its shares fell 13.4% in after-hours trading.
Okta's strong Q1 results and raised guidance for FY2024 indicate a positive outlook for the company. However, the stock price fell 13.4% in after-hours trading, possibly due to profit-taking or market sentiment. This suggests a short-term negative impact on the stock price.
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