California-based tech company ON24 Inc. (ONTF), is down 30% in the morning after reporting a loss in the second quarter. The company's outlook for the next quarter and the full year also failed to meet estimates.
Net loss for the quarter was $2.5 million or $0.05 loss per share, compared to profit of $5.3 million or $0.14 earnings per share. On an adjusted basis, the net income was $2.5 million or $0.04 earnings per share, dropped from $7.1 million or $0.69 earnings per share. Eight analysts polled by Thomson Reuters estimated breakeven per share for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.