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Why Atlassian Stock Stands Strong Today

TheMotleyFool 
0 0 04.08.23
Why Atlassian Stock Stands Strong Today: https://g.foolcdn.com/editorial/images/742850/atlas-businessperson-carries-the-weight-of-big-money.jpg
 

Shares of collaboration software specialist (NASDAQ: TEAM) lifted its weight with authority on Friday. Following a robust fiscal fourth-quarter earnings report, Atlassian's stock rose as much as 24.8% at the market open. The gain cooled down to a still-impressive 19% by 12:30 p.m. ET.

Atlassian's adjusted fourth-quarter earnings more than doubled year over year, rising from $0.27 to $0.57 per diluted share. Top-line sales jumped 23.5% higher, landing at $939 million.

The analyst consensus had called for earnings near $0.43 per share on revenue of roughly $911 million, sticking close to management's guidance figures. The company breezed past those projections with ease.

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Source Fool.com

Atlassian Corp. Stock

€165.44
1.260%
Atlassian Corp. gained 1.260% today.

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