Why Qualtrics Stock Was Socked by the Market Today
After market hours on Thursday, Qualtrics International (NASDAQ: XM) posted quarterly earnings that it described as "outstanding." While the experience management software specialist indeed posted some encouraging figures, it clearly left investors wanting more -- the following day, they traded the stock down by nearly 11%.
In unveiling its first-quarter numbers, Qualtrics revealed that it earned almost $336 million in revenue for the period, a sturdy 41% year-over-year increase. That was on the back of a 50% climb in the company's critical subscription revenue; this advanced by 50% to just under $281 million.
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Source Fool.com
