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Benzinga
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ServiceNow Reports Strong Q3 Earnings, 5-For-1 Stock Split

1. ServiceNow's Q3 earnings were $4.82, surpassing estimates of $4.27. 2. Q3 total revenue reached $3.4 billion, above expectations of $3.35 billion. 3. Subscription revenue grew 21.5% year-over-year, signaling strong market demand. 4. Board approved a 5-for-1 stock split to enhance liquidity and accessibility. 5. Guidance for fiscal 2025 raised, indicating confidence in future growth.

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FAQ

Why Very Bullish?

The significant earnings beat and raised guidance imply strong growth expectations, similar to past quarters where positive results led to sustained price increases.

How important is it?

The combination of strong earnings, increased guidance, and a stock split amplifies interest in NOW, significantly affecting its market performance.

Why Long Term?

Given the company's raised guidance and ongoing revenue growth, positive trends are expected to extend into the long-term.

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