By Jerry Kronenberg | Moomoo News
$Zuora (ZUO.US)$ rose more than 10% after hours Wednesday after the fintech beat analyst estimates for Q1 revenues, but reported a loss overall when analysts had expected a profit.
ZUO gained 12.8% to $11.12 shortly before 4:30 p.m. ET after unveiling $109.8 million in quarterly sales, slightly exceeding the $108.7 million consensus that analysts had forecast.
However, the company also said it lost $0.09 per share during the period vs. the $0.07 earnings per share that analysts had expected.