Zendesk’s inventory drops as results lag Street View

Zendesk Inc. ZEN,
-0.21%
shares fell during the extended session Thursday after the enterprise software company’s quarterly results fell short of Wall Street’s expectations. Zendesk shares fell 10% after hours, after falling 0.2% in the regular session to close at $150.52. The company reported a loss of $58.4 million, or 49 cents per share, in the second quarter, compared to a loss of $64.7 million or 56 cents per share in the same period a year ago. Adjusted earnings, excluding share-based compensation and other items, were 13 cents per share, compared to 14 cents per share in the same period last year. Revenue rose to $318.2 million, from $246.7 million in the same quarter a year ago. Analysts polled by FactSet had forecast earnings of 16 cents a share on revenue of $320.4 million. For the third quarter, Zendesk expects revenue of $332 million to $337 million, while analysts had forecast revenue of $335.8 million.

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