NEW YORK (TheStreet) -- Shares of Tableau Software (DATA) were retreating 12.34% to $43.40 on heavy trading volume after-hours Tuesday as the software company posted revenue that fell below Wall Street's expectations after today's market close.
Revenue grew 21% year-over-year to $206.1 million, but missed analysts' projected $213.8 million.
Tableau reported earnings of 16 cents per diluted share, which surpassed Wall Street's estimated 7 cents per diluted share.
In 2015, Seattle-based Tableau posted earnings of 14 cents per diluted share on revenue of $170.8 million.
License revenue for the 2016 third quarter rose 7% year-over-year to $116.7 million.
The company added 3,600 new customer accounts during the quarter.
About 3.55 million of the company's shares changed hands so far today vs. its average 30-day volume of 1.35 million shares per day.
Separately, 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.
The team rates Tableau as a Sell with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: DATA