SPY381.42-5.12 -1.32%
DIA312.99-1.20 -0.38%
IXIC12,997.75-361.04 -2.70%

DJ Zendesk Stock Gains After Q4 Sales Beat, More Bookings -- MarketWatch

· 02/04/2021 17:41
For more from MarketWatch: http://www.marketwatch.com/newsviewer

Shares of Zendesk Inc. (ZEN) rose more than 5% in the extended session Thursday after the software company reported fourth-quarter sales above Wall Street views. Zendesk said it lost $70 million, or 60 cents a share, in the quarter, compared with a loss of 32 cents a share a year ago. Adjusted for one-time items, the company earned 11 cents a share in the quarter, compared with 10 cents a share a year ago. Revenue rose 23% to $283.5 million, the company said. Analysts polled by FactSet expected Zendesk to report adjusted EPS of 15 cents a share on sales of $278 million. After "the initial shock of the pandemic," quarterly new business and expansion bookings grew nearly 60% from the end of the first quarter through the end of the fourth, Zendesk said. Zendesk guided for first-quarter sales between $291 million and $296 million, and full-year 2021 sales between $1.28 billion and $1.30 billion. The stock ended the regular trading day up 2.4%.

-Claudia Assis

(END) Dow Jones Newswires

February 04, 2021 17:41 ET (22:41 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.