Veeva Stock Dives Despite Easy Quarterly Beat, Strong Full-Year Guidance

Late Wednesday, Veeva Systems (VEEV) reported adjusted income of 94 cents per share on $455.6 million in sales for its second quarter. In response, VEEV stock toppled.


On average, analysts polled by FactSet expected Veeva to earn 87 cents per share on $452 million in sales.

In the year-earlier period, Veeva earned 72 cents a share on $353.7 million in sales.

For the year, medical software company guided to adjusted earnings of $3.57 per share on $1.83 billion to $1.835 billion. Analysts called for adjusted profit of $3.50 per share and $1.82 billion in sales.

In after-hours trading on the stock market today, VEEV stock tumbled 6.6% near 312.

More to follow.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.


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