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Why Elastic N.V. Stock Is Falling Hard Today

Chris Neiger, The Motley Fool
·2-min read
Why Elastic N.V. Stock Is Falling Hard Today

Shares of Elastic N.V. (NYSE: ESTC), an enterprise software company, were falling lower today after the company reported its second-quarter results. While Elastic beat Wall Street's top- and bottom-line expectations, the company also cut its full-year sales guidance. Elastic reported non-GAAP (adjusted) earnings that were flat in the second quarter, which was an improvement from a loss of $0.09 in the year-ago quarter and ahead of analysts' consensus estimate of a loss of $0.10 per share.

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