Santa Clara, California (AP)_ServiceNow Inc. (NOW) on Wednesday announced third-quarter net income of $12.9 million.
The Santa Clara, California-based company said its net income per share was 6 cents. The one-time income and cost-adjusted earnings are $1.21 per share.
The result exceeded Wall Street’s expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research is $1.03 per share.
The company’s software maker, which automates the company’s technical operations, had revenue of $1.15 billion during this period, which also exceeded Street’s forecast. The nine analysts surveyed by Zacks expected $1.11 billion.
Since the beginning of this year, ServiceNow’s stock price has risen 71%. In the last few minutes of trading on Wednesday, the stock price reached $484.05, a 98% increase in the past 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.Visit the Zacks Stock Report on https://www.zacks.com/ap/NOW now
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