Why Medallia Stock Got Crushed Today
Shares of Medallia (NYSE: MDLA) have gotten crushed today, down by 27% as of 11:15 a.m. EST, after the company reported fiscal fourth-quarter earnings. The results were mixed relative to expectations, and Medallia said it would acquire Decibel.
Revenue in the fourth quarter came in at $128 million, slightly ahead of the $124.6 million in sales that Wall Street analysts were modeling for. That resulted in an adjusted net loss of $1.4 million, or $0.01 per share, which was about what investors were expecting the company to lose. The software-as-a-service (SaaS) company, which analyzes consumer experiences on its platform, finished the quarter with $682.4 million in cash.
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Source Fool.com
