NEW YORK (TheStreet) -- Tableau Software (DATA) shares are up 14.3% to $87.44 in early market trading on Thursday after the computer software company reported a significant increase in third quarter revenues that helped lead to an earnings beat for the company.
The company generated $104.5 million in revenue during the quarter, ahead of analysts' $94.5 million expectations and well ahead of the $61.1 million the company made during the third quarter period last year.
Earnings for the period were 6 cents per diluted share on an adjusted, non-GAAP basis, beating analysts' expectations of a net loss of 6 cents per diluted share for the quarter.
For the current fourth quarter, the company issued revenue guidance between $118 million and $122 million, ahead of analysts' $113.7 million expectations for the period.
TheStreet Ratings team rates TABLEAU SOFTWARE INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate TABLEAU SOFTWARE INC (DATA) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, unimpressive growth in net income and premium valuation."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: DATA Ratings Report
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