Why Tableau Shares Plunged Today

Shares of data visualization specialist Tableau Software (NYSE: DATA) have plunged today, down by 9% as of 10:45 a.m. EDT, after the company reported third-quarter earnings results. Results didn't meet expectations, while the shift to a subscription model hurt Tableau's guidance.

Revenue in the third quarter grew 4% to $214.9 million, which translated into non-GAAP earnings per share of $0.08. Both top- and bottom-line results fell shy of consensus estimates, which called for $219 million in sales and $0.09 per share in adjusted profit.

Image source: Tableau.

Source: Fool.com