Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Veeva Systems Tumbled on Thursday

TheMotleyFool

0 0

On an up day for the stock market in general, Veeva Systems (NYSE: VEEV) was a downer on Thursday. The company's shares closed 3.6% lower, on the back of quarterly results that somehow disappointed investors.

Veeva's Q3 of its fiscal 2022 figures, released after market hours Wednesday, reveal that the company earned just over $476 million during the quarter. That was 26% higher year over year, matching the rise of non-GAAP (adjusted) net profit, which landed at slightly more than $158 million ($0.97 per share).

Image source: Getty Images.

Source Fool.com

Like: 0

VEEV

Share