ServiceNow shares fell nearly 18% in Thursday's premarket trading after mixed third-quarter results. Revenue beat expectations, earnings missed, and analysts still see the stock rising over time.
ServiceNow stock tumbled nearly 18% in Thursday's premarket trading, falling to $123.21. If the decline holds through the session, it will mark the largest percentage drop on record, according to Dow Jones Market Data.
The software platform reported mixed third-quarter results: revenue beat expectations, while earnings fell short. Even so, analysts still see the stock rising over time.
Source: MarketWatch (snippet-based)
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