The shares were trading at $67.31 apiece, down 14.5%, for a market cap of $4.5 billion. The data analytics software company's market cap exceeded $10 billion at several points last year.
Alteryx said yesterday it sees revenue of $121 million to $124 million for the current three-month period, and an adjusted net loss in a range of 18 cents to 21 cents per share. That compares to consensus for $146.9 million in revenue and a 3-cent profit per share.
The company also reduced its guidance for the full-year 2021 revenue.
Alteryx earnings for the second quarter, which ended June 30, beat analyst expectations, according to yesterday’s company release.
Revenue rose to $120.1 million, yielding an adjusted net loss of 8 cents a share. Analysts had been forecasting revenue of $113 million and a 25-cent loss per share.
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Alteryx Shares Drop on Disappointing Guidance
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