NEW YORK (TheStreet) -- Tableau Software (DATA - Get Report) 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.Must read: Warren Buffett's 10 Favorite Growth Stocks SELL NOW: If you own any of the 900 stocks that TheStreet Quant Ratings has identified as a 'Sell'...you could potentially lose EVERYTHING in the next 6-12 months. Learn more. 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." STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.