SVMK stock gains after software company reports narrower Q4 loss
SVMK Inc. (SVMK) stock rose more than 5% in the extended session Thursday after the parent company of SurveyMonkey reported a narrower-than-expected fourth-quarter loss. SVMK said it lost $21 million, or 16 cents a share, in the quarter, compared with a loss of $25 million, or 20 cents a share, in the year-ago period. Adjusted for one-time items, SVMK lost $2.6 million, or 2 cents a share, compared with 3 cents a share a year ago. Revenue rose 24% to $84 million, compared with $68 million a year ago. Analysts polled by FactSet had expected an adjusted loss of 4 cents a share on sales of $84 million. The company guided for revenue between $85 million and $86 million for the first quarter, and between $375 million and $381 million for fiscal 2020. Shares of SVMK ended the regular trading day down 0.2%.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 13, 2020 17:04 ET (22:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.