Shares of Domo, Inc. (DOMO), that operates a cloud-based platform, are falling more than 14% Friday morning after its fourth-quarter revenue outlook came in slightly below view.
Domo expects revenue to be in the range of $66.5 million to $67.5 million in the fourth quarter. This compares with the consensus estimate of analysts polled by Thomson Reuters at $67.71 million.
The company sees fourth-quarter adjusted loss per share to be in the range of $0.37 and $0.41. The consensus estimate stands at $0.41 per share.
In the third quarter, Domo reported wider net loss at $28.51 million or $0.88 per share than net loss of $22.22 million or $0.75 per share in the same quarter a year ago.
Excluding one-time items, loss was $10.3 million or $0.32 per share. Analysts were expecting loss of $0.34 per share.
Revenue for the quarter, however, increased 21% year over year to $65.1 million.
DOMO, currently at $55.70, has traded in the range of $37.11- $98.35 in the last one year.
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.