initial public offerings (IPOs) trading on American exchanges

Wednesday, September 4, 2019

Slack (WORK) reported earnings on Wed 4 Sept 19 (a/h)

** chart before earnings **



** charts after earnings **





 ** the following day **


Slack beats by $0.04, beats on revenue, guides Q3 EPS below consensus, revenue above consensus; guides FY20 EPS inline, revenue above consensus

  • Reports Q2 (Jul) loss of ($0.14), $0.04 better than the S&P Capital IQ Consensus of ($0.18); revenue rose 58% yr/yr to $145.0 mln vs. the $141.3 mln S&P Capital IQ Consensus.
  • Calculated Billings was $174.8 mln, an increase of 52% yr/yr.
  • Co ended the quarter with over 100,000 Paid Customers, up 37% yr/yr.
  • Reports net dollar retention rate of 136%.
  • Co issues mixed guidance for Q3, sees EPS of ($0.09)-($0.08) vs. the ($0.07) S&P Capital IQ Consensus, revenue of $154-$154 mln vs. the $153.6 mln S&P Capital IQ Consensus.
  • Co issues mixed guidance for FY20, sees EPS of ($0.42)-($0.40) vs. the ($0.40) S&P Capital IQ Consensus, revenue of $603-$610 mln vs. the $600.9 mln S&P Capital IQ Consensus.
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