Zuora stock drops as revenue forecast misses Street view

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Zuora stock drops as revenue forecast misses Street view
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Zuora Inc. shares dropped in the extended session Thursday after the cloud-based subscription management company's revenue forecast fell well short of Wall...

Zuora Inc. ZUO, +2.49% shares dropped in the extended session Thursday after the cloud-based subscription management company's revenue forecast fell well short of Wall Street estimates. Zuora shares fell 10% after hours, following a 2.5% rise to close the regular session at $24.33. Zuora expects a loss of 14 cents to 13 cents a share on revenue of $63.5 million to $64.5 million for the fiscal first quarter, and a loss of 44 cents to 40 cents a share on revenue of $209 million to $211.

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