Shares of the customer service software company Zendesk, Inc. (ZEN) sank 6.3% in Thursday’s extended trading session after the company delivered weaker-than-expected Q2 results. Adjusted earnings of $0.13 per share fell short of analysts’ expectations of $0.16 per share. The company reported earnings of $0.14 per share in the prior-year period. However, revenues jumped 29% year-over-year to $318.2 million but lagged consensus estimates of $319.79 million. The increase in revenues reflected record booking seen during the quarter and strong growth in sales to enterprise customers. (See ZEN stock charts on TipRanks) Zendesk CEO Mikkel Svane commented, “We are well-positioned for sustainable, durable growth as companies rapidly adapt to a digital-first economy.
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Zendesk (NYSE:ZEN)
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