Slack (NYSE:WORK) issued an update on its fourth quarter 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.07–0.06 for the period, compared to the Thomson Reuters consensus estimate of $-0.06. The company issued revenue guidance of $172-174 million, compared to the consensus revenue estimate of $172.91 million.Slack also updated its FY 2020
After-Hours guidance to -0.32–0.31 EPS.
Slack stock traded down $0.91 on Wednesday, hitting $21.66. 16,501,993 shares of the stock traded hands, compared to its average volume of 8,231,622. The firm has a fifty day moving average of $21.85. Slack has a 1 year low of $19.53 and a 1 year high of $42.00.
Slack (NYSE:WORK) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.98) EPS for the quarter, beating the consensus estimate of ($1.03) by $0.05. The firm had revenue of $144.97 million for the quarter, compared to analysts’ expectations of $140.60 million. As a group, equities analysts expect that Slack will post -0.43 EPS for the current year.
In other news, CTO Cal Henderson sold 1,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $28.79, for a total transaction of $43,185.00. Also, CEO Stewart Butterfield sold 2,500 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $25.11, for a total value of $62,775.00. Insiders have sold 273,429 shares of company stock valued at $5,900,891 over the last 90 days.
Slack Company Profile
Slack Technologies, Inc operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc and changed its name to Slack Technologies, Inc in 2014.
See Also: Why are gap-down stocks important?
Receive News & Ratings for Slack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Slack and related companies with MarketBeat.com's FREE daily email newsletter.