Why Appian Stock Plummeted 21% in February
Shares of Appian (NASDAQ: APPN) fell by 21.3% last month, according to data provided by S&P Global Market Intelligence, after the company reported its fourth-quarter results.
Appian reported earnings on Feb. 18 and both the company's top and bottom lines beat analysts' consensus estimates. The company's adjusted loss per share of $0.03 easily beat Wall Street's expectation of a loss of $0.17 per share. And Appian's revenue of $81.6 million outpaced the Street's consensus estimate of $79.8 million.
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Source Fool.com
