Zendesk’s inventory drops as results lag Street View

Zendesk Inc. ZEN,
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.