ServiceNow Stock Gains After-Hours On Q3 Earnings: Here's Why
Portfolio Pulse from Ryan Gustafson
ServiceNow, Inc. (NYSE:NOW) reported better-than-expected Q3 results, with earnings of $2.92 per share and revenues of $2.29 billion, beating estimates. The company also reported subscription revenues of $2.2 billion, a 27% YoY growth. ServiceNow issued Q4 subscription revenue guidance between $2.32 billion and $2.32 million, and full-year 2023 subscription revenues are anticipated to be between $8.63 billion and $8.64 billion. Shares of NOW were up 5.14% in the after-hours session.
October 25, 2023 | 8:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ServiceNow reported strong Q3 results and issued positive guidance, leading to a 5.14% increase in its stock price in the after-hours session.
ServiceNow's better-than-expected Q3 results and positive guidance indicate strong performance and future growth, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100