Tableau Software (DATA) earnings reported after the market close Tuesday topped analyst estimates. But Tableau earnings sent down the stock in after-hours trading.
The Tableau earnings report showed an adjusted profit of 3 cents per share and revenue of $275.7 million. Wall Street analysts expected the provider of data analytics software to report a loss of 8 cents. Revenue was seen at $271.7 million.
Tableau stock fell 2%, near 130.33, during after-hours trading on the stock market today.
Tableau provides data analytics software that helps companies dramatically reduce the complexity, inflexibility and expense associated with traditional business-intelligence applications.
“Analytics is becoming more ubiquitous as organizations embrace and reap the benefits from data-driven insights,” Tableau Chief Executive Adam Selipsky said in prepared remarks. “Our fourth quarter capped a strong year of subscription transition and innovation that helped more and more customers scale Tableau to thousands and tens of thousands of users.”