ServiceNow Shares Fall 18% After Subscription Sales Outlook
ServiceNow reported quarterly revenue above expectations, while its fourth-quarter subscription sales outlook was largely in line. Shares fell 18% in late trading to $122.99.
By Janet H. ChoEnterprise software company ServiceNow reported better-than-expected quarterly financial revenue but its projection for fourth-quarter subscription sales, which was largely inline with expectations, might have spooked investors.Shares fell 18% in late trading, to $122.99, after closi…