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Why Tableau Software (DATA) Is Up Today

Stocks in this article: DATA

NEW YORK (TheStreet) -- Tableau Software (DATA) was gaining 7.9% to $62.56 Tuesday after beating analysts' estimates for the first quarter and guiding about estimates for the second quarter.

For the first quarter Tableau reported a loss of -1 cent a share, beating the Capital Q Consensus Estimate of a loss of -11 cents a share by 10 cents. Revenue grew 86.4% year-over-year to $74.6 million in the quarter. Analysts expected revenue of $63.1 million.

Looking forward to the second quarter Tableau expects a loss of between -9 cents and -1 cent a share, compared to analysts' estimates of -9 cents a share. The company expects revenue of between $75 million and $80 million for the quarter, above analysts' expectations of $72.41 million.

Tableau also raised its guidance for full-year 2014 to between $340 million and $350 million in revenue from $320 million to $325 million. Analysts expect revenue of $327.44 million for the year.

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DATA Chart

DATA data by YCharts

"Tableau Software, Inc. is a computer software company. The Company's products are used by people across all kinds of organizations, including Fortune 500 corporations, small and medium-sized businesses, government agencies, universities, research institutions and non-profits. Organizations employ its products in a range of use cases, such as increasing sales, streamlining operations, improving customer service, managing investments, assessing quality and safety, studying and treating diseases, completing academic research, addressing environmental problems and improving education. The Company's product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases."

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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