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Stock impact report

Why SVMK Stock Fell Today [The Motley Fool]

SVMK INC COMMON (SVMK) 
Last svmk inc common earnings: 2/13 04:02 pm Check Earnings Report
Company Research Source: The Motley Fool
Why SVMK Stock Fell Today The SurveyMonkey parent reported third-quarter results that failed to impress investors. Shares of SVMK ( NASDAQ:SVMK ) have fallen today, down by 7% as of 1:30 p.m. EST, after the SurveyMonkey parent reported third-quarter earnings. The company lost less than expected but guided fourth-quarter sales below Wall Street's forecasts. Revenue in the third quarter came in at $79.3 million, which was right on target with what analysts were modeling for. That led to an adjusted net loss of $36,000, which rounded to breakeven per share, better than the $0.05 per share in red ink that investors were expecting. Paying users increased 15% to over 713,000 and enterprise sales accounted for 23% of revenue. In a statement, CEO Zander Lurie said: Guidance for the fourth quarter was a little light, however. Revenue is expected in the range of $83 million to $84 million, so the online survey software maker will need to top that outlook to hit the consensus estimate of $84.1 Show less Read more
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