Shares of Tableau Software tumble following quarterly earnings release
Tableau Software Inc. late Tuesday reported it swung to a fourth-quarter profit of $2.8 million, or 3 cents a share, from a loss of $41.8 million, or 52 cents a share, in the year-earlier period. On an adjusted basis, the data visualization company would have earned 59 cents a share. Revenue rose to $336.3 million versus $249.4 million. Analysts polled by FactSet had forecast a loss of 8 cents a share on revenue of $272 million. Tableau shares slid 4.5% after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.