Slack stock slumps 15% after first earnings report since publication – Erie News Now



[ad_1]

Like many of his tech peers, Slack's revenue is increasing, but the company remains unprofitable. The company recorded a net loss of $ 0.14 per share in the July quarter, better than Wall Street analysts expected. But Slack also said that he is now expecting to lose between $ 0.40 and $ 0.42 a share for the year, far worse than what analysts had estimated.

[ad_2]

Source link