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ServiceNow shares drop 18% after mixed third-quarter earnings
SiliconANGLE reports ServiceNow's fourth-quarter revenue forecast fell below analysts' expectations despite third-quarter sales beating estimates.
TLDR
SiliconANGLE reports ServiceNow shares fell 18% in after-hours trading on October 28. Third-quarter revenue rose 20.5% year over year to $4.11 billion, beating estimates, but adjusted earnings of $1 per share missed expectations. The company projected fourth-quarter revenue of $4.25 billion to $4.26 billion, below analysts' $4.36 billion forecast.
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