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Here's Why New Relic Stock Is Tumbling Today

TheMotleyFool

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Here's Why New Relic Stock Is Tumbling Today

In response to the company's announcement of fiscal 2020 third-quarter results that missed the mark, shares of New Relic (NYSE: NEWR), a software maker that focuses on application performance management, dropped as much as 14% in early morning trading on Wednesday. Shares were down about 8% as of 10:53 a.m. EST today.

Here are the headline numbers from the quarter:

Image source: Getty Images.

Source Fool.com

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