$NOW To much action to handle for investors in Service NowOMG the action in NYSE:NOW is the reason why we love and hate trading, surly multiple stop losses got hit on the sudden drop and then we see the stock rally back up 23% from the lows.
Today the company posted quarterly earnings of $0.99 per share, Estimate of $0.89 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 11.24%. A quarter ago, it was expected that this maker of software that automates companies' technology operations would post earnings of $0.64 per share when it actually produced earnings of $0.71, delivering a surprise of 10.94%.
New Ceo is taking over a very strong company and brings a wealth of experience and contacts which will boost the company internationally.
