Slack Technologies (NYSE: WORK) reported a narrower loss for the first quarter of 2021, aided by a 50% growth in revenues. The results also exceeded the market’s projection. Meanwhile, the company’s stock dropped on Thursday evening, following the announcement.
The corporate communications app reported an adjusted loss of 2 cents per share for the April-quarter, compared to a loss of 23 cents per share last year. Analysts were looking for a wider loss.
The improvement reflects a 50% growth in revenues to $202 million, which also topped the Street view. On an unadjusted basis, net loss was $75.2 million or $0.13 per share, compared to a loss of $33.3 million or $0.26 per share in the first quarter of 2020.
Shares of Slack, which closed Thursday’s regular session lower, continued to lose during the extended session.
Target Corporation (NYSE: TGT) reported fourth-quarter 2020 financial results before the opening bell today. The department store chain reported Q4 revenue of $28.3 billion, up 21% year-over-year and higher than
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus