PLAN - Why Anaplan Stock Dropped 12% This Morning
Shares of software-as-a-service company Anaplan (NYSE: PLAN) tumbled 11.7% through 10:30 a.m. EDT this morning despite its reporting only a modest "miss" on its Q1 202 2 earnings. (That's right. Anaplan's financial calendar is about a year ahead of everybody else's.)
Analysts had forecast that Anaplan would lose $0.09 per share pro forma for Q1 on sales of $127.1 million. As it turned out, Anaplan lost more than projected -- $0.10 per share -- but did a bit more business than expected -- sales of $129.8 million.
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Why Anaplan Stock Dropped 12% This Morning