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Why Domo Stock Spiked Today

TheMotleyFool

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Shares of Domo (NASDAQ: DOMO) jumped today after the company released its third-quarter results yesterday that outpaced analysts' revenue and earnings estimates.

The tech stock jumped by as much as 20% during today's trading and was up 16.3% as of 3:11 p.m. EST.

Domo's revenue jumped 20% year over year to $53.6 million, which beat Wall Street's estimate of $51.76 million. The cloud computing software company reported an adjusted loss of $0.40 per share, which was also ahead of analysts' consensus estimate of a loss of $0.44 per share.

Source Fool.com

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