Categories Earnings, Technology

Zendesk (NYSE: ZEN): Q3 2019 Earnings Snapshot

— Zendesk Inc. (NYSE: ZEN) reported its third-quarter 2019 adjusted earnings of $0.12 per share versus $0.06 per share expected.

— Revenue jumped by 36% to $210.5 million versus $207.51 million expected.

Earnings Update by AlphaStreet

— Looking ahead into the fourth quarter, the company expects revenue in the range of $226 million to $228 million.

— Operating loss is predicted to be in the range of $37 million to $35 million for the fourth quarter and adjusted operating income is projected to be in the $8 million to $10 million range.

— For the full year 2019, Zendesk lifted its revenue outlook to the range of $813 million to $815 million from the prior range of $807 million to $811 million.

— Operating loss is now expected to be in the range of $167 million to $165 million for the full year compared to the previous loss outlook of $178 million to $175 million.

— Adjusted operating income guidance is raised to the range of $23 million to $25 million from the previous range of $16 million to $19 million for the full year.

— Free cash flow is still anticipated to be in the range of $35 million to $45 million for the full year.

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