Atlassian stock wobbles after earnings beat
Atlassian Corp. shares fluctuated between slight gains and losses in the extended session Thursday after the team-collaboration software company's results topped Wall Street estimates. Atlassian shares, which had been down as much as 3%, were last up 0.4% after hours, following a 0.6% decline in the regular session to close at $134.51. The company reported a fiscal fourth-quarter loss of $237.5 million, or 99 cents a share, compared with a loss of $21.9 million, or 9 cents a share, in the year-ago period. Adjusted earnings were 20 cents a share. Revenue rose to $334.6 million from $246.6 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 16 cents a share on revenue of $330.6 million. Atlassian expects adjusted earnings of about 24 cents a share on revenue of $349 million to $353 million in the first quarter, and about $1 a share on revenue of $1.54 billion to $1.56 billion for the year. Analysts forecast earnings of 21 cents a share on revenue of $349.6 million for the first quarter, and $1 a share on revenue of $1.55 billion for the year.
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