Why Shares of eGain Corporation Plummeted Today

eGain Corporation's (NASDAQ: EGAN) stock sank today after the company reported its first-quarter results for the fiscal year 2021. 

The company's stock fell by as much as 32% today and was down 27.7% at the end of the trading day.

eGain reported non-GAAP diluted earnings of $0.08 per share in the first quarter, which beat Wall Street's consensus estimate of $0.06 per share. The company also increased its revenue by 11% year over year, to $19.1 million.  

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Source Fool.com