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Why Anaplan Stock Is Tanking Today

TheMotleyFool

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Shares of Anaplan (NYSE: PLAN) fell today after the company released its fourth-quarter and full-year 2021 results this morning.

The tech stock fell by as much as 17% this morning and was down by 14.5% as of 11:51 a.m. EST.

Anaplan reported a fourth-quarter non-GAAP (adjusted) loss of $0.07 per share, which beat Wall Street's expectation of a loss of $0.10 per share. The company's revenue of $122.5 million also outpaced analysts' consensus revenue estimate of $119 million.

Source Fool.com

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