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Why Zuora Stock Plummeted Friday

TheMotleyFool

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Shares of subscription-management platform Zuora (NYSE: ZUO) tumbled on Friday, falling 22.7% as of 12:12 p.m. EDT.

The stock's decline came after Zuora reported its fourth-quarter and full-year results on Thursday afternoon. Though revenue increased 11%, the top-line figure didn't quite live up to investors' expectations. In addition, the company announced that its CFO was resigning; this may have spooked investors as well.

Image source: Getty Images.

Source Fool.com

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