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By Kathryn Hardison
Shares of Veeva Methods Inc. fell 9.6% to $180.26 in after-hours buying and selling on Wednesday after the cloud computing firm for biotech corporations lowered its full-year income outlook.
The Pleasanton, Calif.-based firm guided for income between $2.14 billion and $2.145 billion, in contrast with its prior outlook of $2.165 billion to $2.175 billion.
Veeva additionally modified its steering for adjusted earnings per share to about $4.17 from its prior outlook of about $4.16 per share.
Veeva additionally guided for fiscal third-quarter income between $545 million and $547 million. Adjusted per-share earnings for the quarter, ending Oct. 31, are anticipated to be between $1.07 and $1.08.
The corporate reported second-quarter outcomes on Wednesday, during which income rose 17% to $534.2 million. Internet revenue additionally narrowed to $90.6 million, or 56 cents a share, from $108.9 million, or 67 cents, a 12 months in the past.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
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