— 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.
— 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.
Most Popular
United Parcel Service (UPS) seems on track to regain lost strength
Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic
IPO Alert: What to look for when Boundless Bio goes public
Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.
Nike (NKE) bets on innovation and partnerships to return to high growth
Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company