NEW YORK (TheStreet) -- Tableau Software(DATA) - Get Report stock is retreating 48.82% to $41.84 in early morning trading on Friday after the Seattle-based company set its 2016 first quarter outlook well below analysts' estimates.
The analytics and business intelligence software provider expects to report a loss of 8 cents to 12 cents per share for the 2016 first quarter, while analysts were anticipating earnings of 6 cents per share, according to Reuters.
First quarter revenue guidance was set at $160 million to $165 million, significantly below estimates of $179.5 million, Reuters added.
After yesterday's market close, Tableau also announced financial results for the 2015 fourth quarter that surpassed expectations, but showed slower revenue growth.
The company "is now a tainted growth stock of unbelievable proportions, with the core licensing business slowing from 57% growth to 31%," TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUScharitable trust portfolio, said in a Real Moneypost. (Free access during TheStreet's Open House)
Tableau reported earnings of 33 cents per share on revenue of $202.8 million for the quarter ended December 31. Analysts had estimated earnings of 16 cents per share on $200.7 million in revenue for the latest quarter.
Separately, Tableau has a "sell" rating and a letter grade of D at TheStreet Ratings because of the company's deteriorating net income, disappointing return on equity and feeble earnings per share growth.
You can view the full analysis from the report here: DATA
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.