Why Tableau Software, Inc. Stock Dropped 13.3% in November

Why Tableau Software, Inc. Stock Dropped 13.3% in November

Shares of Tableau Software (NYSE: DATA) fell 13.3% in November, according to data from S&P Global Market Intelligence, after the data-visualization specialist announced weaker-than-expected quarterly results and underwhelming forward guidance.

Tableau stock fell more than 14% in the three days following its third-quarter report early last month. Revenue climbed 4% year over year, to $214.9 million, which translated to adjusted net income of $6.4 million, or $0.08 per diluted share. Both figures fell below investors' expectations for earnings of $0.09 per share on revenue of $219 million.

Image source: Tableau Software

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Source: Fool.com