nCino, Inc. (NCNO) Tops Q3 EPS by 3c
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nCino, Inc. (NCNO) shares fall as guidance disappoints
November 30, 2023 8:07 AM ESTnCino, Inc. (NASDAQ: NCNO) shares are down more than 6% premarket Thursday after the company's guidance disappointed. It did, however, report quarterly earnings that topped consensus expectations.
The financial technology company reported Q3 EPS of $0.14, $0.03 better than the analyst estimate of $0.11. Revenue for the quarter came in at $121.9 million, up 16% YoY and above the consensus estimate of $120.63 million.
The company revealed that subscription revenues for the quarter were $104.8 million, up from $88.3 million one year ago, representing an increase of 19%. NCNO's U.S. mortgage business achieved... More
