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Slack stock price crashes 15% after disappointing growth numbers

By: Invezz

Shares of Slack (NYSE: WORK) collapsed around 15% on Friday after the tech giant failed to capitalize on the work-from-home regime during the time of national lockdowns.  Fundamental analysis: Slack beats estimates, but still disappoints Slack, a team messaging app, said it lost $0.02 per share in the quarter, compared to a loss of $0.06 per share expected from the analysts. Revenue also came in higher than expected, at $201.7 million vs $188.1 million expected from Wall Street. As a result, the tech firm said it expects a full-year adjusted loss to be 2 cents less than what it had

The post Slack stock price crashes 15% after disappointing growth numbers appeared first on Invezz.

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