nCino, Inc. (NCNO) Tops Q1 EPS by 2c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- Wall St slips as higher Treasury yields weigh on sentiment
- Oil pares losses as market weighs Saudi supply concerns, Middle East tensions
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
nCino, Inc. (NCNO) guidance disappoints, shares tumble
June 1, 2023 10:49 AM EDTnCino, Inc. (NASDAQ: NCNO) shares tumbled Thursday despite beating top and bottom-line consensus expectations in the first quarter.
The financial technology firm reported Q1 EPS of $0.07, $0.02 better than the analyst estimate of $0.05. Revenue for the quarter, which rose 21% YoY, came in at $113.67 million versus the consensus estimate of $112.63 million.
NCNO shares are currently down over 10% at $24.55. Earlier in the session, it hit a low of $21.59 per share.
The company's GAAP net loss in the first quarter of fiscal 2024 was $11.2 million.... More
