Tableau Earnings Top Estimates For Fourth Quarter, But Stock Falls

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.”