Shares of nCino, Inc. (NCNO) are gaining nearly 20% on Wednesday morning after the company's fourth-quarter earnings trumped Street estimates.
NCNO is currently trading at $36.00, up $5.82 or 19.28%, on the Nasdaq. The stock opened its trading at $34.50 after closing Tuesday at $30.18. The stock has traded between $21.26 and $35.83 in the past 52-week period.
Revenues for the fourth quarter were $123.7 million, a 13% increase from $109.2 million last year.
Profit for the quarter was $1.2 million or $0.01 per share, compared to a net loss of $21.2 million or $0.19 million last year.
Adjusted profit for the fourth quarter was $23.8 million or $0.21 per share, compared to $4.4 million or $0.04 per share last year. Analysts had estimated earnings of $0.12 per share for the quarter.
Looking forward to the first quarter, the company expects revenues between $126.0 million and $127.0 million and adjusted earnings of $0.13 to $0.14 per share.
For the full year 2025, the company expects revenues between $538.5 million and $544.5 million and adjusted earnings of $0.60 to $0.64 per share.
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