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Stock impact report

nCino (NASDAQ:NCNO) Posts Better-Than-Expected Sales In Q2 But Stock Drops [Yahoo! Finance]

nCino, Inc. (NCNO) 
Company Research Source: Yahoo! Finance
On the other hand, next quarter's revenue guidance of $137 million was less impressive, coming in 1.2% below analysts' estimates. It made a non-GAAP profit of $0.14 per share, improving from its loss of $0.14 per share in the same quarter last year. Is now the time to buy nCino? Find out in our full research report nCino (NCNO) Q2 CY2024 Highlights: Revenue: $132.4 million vs analyst estimates of $131.1 million (1% beat) Adjusted Operating Income: $19.3 million vs analyst estimates of $17.93 million (7.6% beat) EPS (non-GAAP): $0.14 vs analyst estimates of $0.13 (9.8% beat) The company reconfirmed its revenue guidance for the full year of $541.5 million at the midpoint Gross Margin (GAAP): 59.3%, in line with the same quarter last year Free Cash Flow Margin: 3.4%, down from 42.2% in the previous quarter Market Capitalization: $3.99 billion WILMINGTON, N.C., Aug. 27, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global finan Show less Read more
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