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Why SVMK Stock Fell Today

TheMotleyFool

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Shares of SVMK (NASDAQ: SVMK) have fallen today, down by 7% as of 1:30 p.m. EST, after the SurveyMonkey parent reported third-quarter earnings. The company lost less than expected but guided fourth-quarter sales below Wall Street's forecasts.

Revenue in the third quarter came in at $79.3 million, which was right on target with what analysts were modeling for. That led to an adjusted net loss of $36,000, which rounded to breakeven per share, better than the $0.05 per share in red ink that investors were expecting. Paying users increased 15% to over 713,000 and enterprise sales accounted for 23% of revenue.

Image source: Getty Images.

Source Fool.com

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