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Why Shares of nCino Are Up Today

TheMotleyFool

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Why Shares of nCino Are Up TodayPhoto, wide shot, wide-angle lens, Bank, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/3aa597ca-f944-4a9b-bf8d-3071f3b5a5c9.png

Shares of nCino (NASDAQ: NCNO) traded roughly 13.5% higher as of 2:40 p.m. ET today after the cloud banking technology company reported earnings results for the fourth quarter of its fiscal year 2022, which began in November and ended in January.

The company reported a non-GAAP (adjusted) earnings-per-share loss of $0.09, which came in line with what analysts had been projecting for the quarter. Revenue of nearly $75 million beat analyst estimates.

Image source: Getty Images.

Source Fool.com

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