Zuora (ZUO, $13.93) jumps on better-than-expected fiscal Q2 results, higher guidance

Shares of Zuora, Inc. climbed during after-hours trading Wednesday,  after the company reported its second quarter earnings and revenue - both of which topped analysts’ estimates. The company also raised its fiscal full-year revenue estimate.

 The enterprise software company’s non-GAAP loss (attributable to common stock shareholders) came in at  -$9.5 million, or -9 cents a share. Analysts had expected a loss of -$14.6 million, or -14 cents a share.

Revenue of $69.7 million was higher than the Street estimates of $66.9 million. 

The company also boosted its projection for its full-year revenue to a range of $273.5 million to $278 million. Analysts surveyed by FactSet had been expecting $274.5 million.

Zuora is expecting fiscal full-year loss of -40 cents to -38 cents a share.

Shares of Zuora rose +15% in extended trading Wednesday.

Contributor

Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.