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Stock impact report

Why MobileIron Stock Was Slipping Today [The Motley Fool]

MOBILEIRON (MOBL) 
Last mobileiron earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.mobileiron.com
Company Research Source: The Motley Fool
Why MobileIron Stock Was Slipping Today Shares of the cloud-based mobile security operator fell after a disappointing earnings report. Shares of MobileIron ( NASDAQ:MOBL ) were falling today after the mobile security specialist posted disappointing results in its fourth-quarter earnings report as headwinds in Europe continued to present challenges. As a result, the stock was down 9.7% at 3:18 p.m. EDT. Overall revenue was flat in the quarter at $54.1 million, which was short of estimates at $55 million. There were other signs that the company continues to grow, however, as annual recurring revenue increased 10% to $179.5 million, and full-year revenue was up 6% to $205.2 million. On the bottom line, adjusted earnings per share increased from $0.01 in the quarter a year ago to $0.03, which beat estimates at $0.01. CEO Simon Biddiscombe looked forward, saying, "Despite continued headwinds in Europe, I am pleased that the team delivered on our revenue and ARR guidance. As we move into 2 Show less Read more
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