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What's Going On With JFrog Stock After Earnings?
JFrog Ltd. (NASDAQ:FROG) shares are tumbling Thursday after the company posted worse-than-expected second-quarter revenue results after Wednesday's closing bell. Here's a look at the details from the report.
The Details:
JFrog reported quarterly earnings of 15 cents per share on sales of $103.04 million which slightly missed the consensus estimate of $103.58 million for the quarter.
The company also issued third-quarter and full-year guidance below analyst estimates:
JFrog sees Q3 earnings per share between 9 cents and 11 cents, versus the 14 cent estimate.
Q3 revenue in a range of $105 million to $106 million, below the $107.9 million estimate
Full-year earnings per share between 54 cents and 56 cents, versus the 60 cent estimate
Full-year revenue in a range of $422 million to $424 million, below the $428.27 million consensus estimate
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