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ServiceNow latest news:


  • 10/25/2017 14:50:38

    ServiceNow shares fall 9% as company guides for 2017 billings below expectations

    Shares of ServiceNow Inc. fell 9% late Wednesday after the Santa Clara, Calif., company narrowed its quarterly losses but called for adjusted subscription billings below expectations for the year. ServiceNow said it lost $24.2 million, or 14 cents a share, in the third quarter, compared with a loss of $36.3 million, or 22 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $69.3 million, or 38 cents a share, compared with $39.5 million, or 23 cents a share, a year ago. Revenue reached $498 million, compared with $357.7 million a year ago. Analysts polled by FactSet had expected adjusted earnings of 32 cents a share on sales of $492 million. The company guided for subscription revenue around $1.73 billion, compared with expectations of $2.3 billion according to FactSet. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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