Tableau Software Shares Sink 38% After Quarterly Results

By Markets MarketWatch Pulse

Shares of Tableau Software Inc. sank in Thursday's extended session after the business software maker swung to a quarterly loss. Tableau Software reported a fourth-quarter loss of $41.3 million, or 57 cents a share, compared with a profit of $20.7 million, or 27 cents a share, in the same quarter last year. On an adjusted basis, the company would have earned 33 cents a share. Revenue jumped 42% to $202.8 million. Analysts surveyed by FactSet had forecast adjusted earnings of 16 cents a share on revenue of $201 million. Tableau shares tanked 38% in after-hours trading.

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