Is Domo's Post-Earnings Surge Sustainable?
Domo's (NASDAQ: DOMO) stock recently soared after the cloud analytics software provider's third-quarter numbers topped analysts' expectations. Its revenue rose 22% annually to $44.8 million, beating estimates by nearly $3 million. Its total billings grew 15% to $44.4 million.
Domo's non-GAAP net loss narrowed from $27.9 million to $23.6 million, or $0.85 per share, which also beat expectations by $0.16. On a GAAP basis, its net loss narrowed from $32.5 million to $29.1 million, or $1.05 per share.
Domo's numbers weren't jaw-dropping, but they indicate that it's still growing in a competitive field. Let's dig deeper into its report to see if its post-earnings surge is sustainable.
Source Fool.com
