Categories AlphaGraphs, Earnings, Technology
Slack (WORK) reports break-even earnings for Q2; revenues surge 49%
Slack Technologies (NYSE: WORK) reported break-even results for the second quarter of 2021 even as revenues jumped 49%. The results also exceeded the market’s projection. Meanwhile, the company’s stock dropped on Tuesday evening following the announcement.
The corporate communications app reported nil earnings for the July-quarter, on an adjusted basis, compared to a loss of 14 cents per share last year. Analysts were looking for a loss for the most recent quarter.
The improvement reflects a 49% growth in revenues to $216 million, which also topped the Street view. On an unadjusted basis, net loss was $74.8 million or $0.13 per share, compared to a loss of $359.6 million or $0.98 per share in the second quarter of 2020.
Shares of Slack, which closed Tuesday’s regular session higher, declined during the extended session.
Most Popular
DRI Earnings: Darden Restaurants’ Q2 2026 sales and profit rise YoY
Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, on Thursday reported an increase in sales and adjusted earnings for the second quarter of fiscal 2026. Total sales
CarMax (KMX) Q3 2026 earnings drop on lower sales; results beat estimates
Used car retailer CarMax, Inc. (NYSE: KMX) on Thursday reported a decline in earnings for the third quarter of fiscal 2026, hurt by lower sales. However, both revenues and earnings
ACN Earnings: Key quarterly highlights from Accenture’s Q1 2026 financial results
Accenture (NYSE: ACN) reported its first quarter 2026 earnings results today. Revenues of $18.7 billion increased 6% in US dollars and 5% in local currency compared to the same period a
