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ServiceNow Stock Reportedly Plunged Nearly 20% After Q3 Earnings Despite Revenue Beat
A post said ServiceNow expected 18.5% growth in its 12-month contract backlog, below Wall Street’s 19.8% estimate.
TLDR
One post reported that ServiceNow stock fell nearly 20% after weaker-than-expected Q3 earnings. Another said revenue beat estimates, but ServiceNow expected its 12-month contract backlog to grow 18.5% in the quarter after Q3, below Wall Street’s 19.8% estimate.
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