Shares of technology company ON24, Inc. (ONTF) are down 4 percent on Wednesday's trading despite there being no company announcement or industry news to influence the stock. The company recently posted a loss in the second quarter and its outlook for the third 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.
The revenue for the quarter increased 43 percent year-over-year to $52.1 million from $36.32 million. Analysts projected the earnings to be $51.03 million.
Currently at $19.80, the stock has traded between $19.30 and $81.98 during the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
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.