PLAN - Why Anaplan Stock Jumped Today
Shares of Anaplan (NYSE: PLAN) have jumped as much as 12% today after the company reported fiscal third-quarter earnings. The results topped expectations and the company provided a strong outlook for the fourth quarter. As of 12:50 p.m. EST, the stock was up 9%.
Revenue in the fiscal third quarter increased 28% to $114.9 million, topping the consensus estimate of $109.7 million. That resulted in an adjusted net loss per share of $0.05, which was better than the $0.10 per share in adjusted losses that Wall Street analysts were modeling for. The software-as-a-service ( SaaS ) enterprise planning software provider finished the quarter with $296.8 million in cash.
Image source: Anaplan.
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Why Anaplan Stock Jumped Today