Domo's (NASDAQ: DOMO) stock dipped after the company posted its second-quarter earnings report on Aug. 26. The cloud-based software company's revenue rose 23% year-over-year to $62.8 million, beating Wall Street's consensus estimates by $2 million.
Its non-GAAP net loss narrowed from $10.7 million to $9.6 million, or $0.30 per share, which beat estimates by $0.06 per share. On a GAAP basis, Domo's net loss widened from $17.9 million to $22.2 million.
Domo expects its revenue to rise 18%-20% year-over-year in the third quarter, and 20%-22% for the full year. It expects to remain unprofitable, albeit with narrower year-over-year non-GAAP losses, for both periods. All those estimates either matched or surpassed Wall Street's expectations at the time.
Source Fool.com