: ServiceNow stock slips as results top Street view

ServiceNow Inc. NOW shares slipped in the extended session Wednesday even after the workflow software maker’s results topped Wall Street estimates. ServiceNow shares fell 4% after hours, following a 1% decline in the regular session to close at $557.24. The company reported first-quarter net income of $82 million, or 41 cents a share, compared with $48 million, or 24 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.52 a share, compared with $1.05 a share in the year-ago period. Revenue rose to $1.36 billion from $1.05 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast $1.35 a share on revenue of $1.34 billion. ServiceNow shares are up 88% over the past 12 months, compared with a 63% gain on the tech-heavy Nasdaq Composite Index COMP.

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