Why ServiceNow Stock Is Soaring Today
ServiceNow (NYSE: NOW) is making big gains in today's trading following better-than-expected first-quarter results. The customer relationship management (CRM) software specialist's share price was up roughly 6.9% as of 11:30 a.m. ET Thursday.
ServiceNow published Q1 results after the market closed yesterday, and it delivered top- and bottom-line results that came in ahead of the market's expectations. The company posted earnings per share of $1.73 on sales of $1.72 billion, while the average analyst estimate had targeted per-share earnings of $0.23 on revenue of $1.7 billion.
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Source Fool.com
