Atlassian Corp. TEAM,
Shares fell in the extended session on Thursday after the cloud-based business software company’s earnings outlook fell below Wall Street expectations as quarterly results beat estimates. Atlassian shares fell 8% after hours, after a 0.3% rise in the regular session to close at $ 187.66. Atlassian said he expects adjusted earnings of 26 cents to 27 cents per share in revenue of $ 430 million to $ 445 million. Analysts surveyed by FactSet expect earnings of 29 cents a share on revenue of $ 438.9 million. The company reported a fourth-quarter tax loss of $ 385.2 million, or $ 1.56 per share, compared to $ 237.5 million, or 99 cents per share, in the same period last year. Adjusted earnings, which exclude items such as share-based compensation, were 25 cents a share, compared to 20 cents a share in the same period last year. Revenue increased to $ 430.5 million from $ 334.6 million in the prior year quarter. Analysts had forecast earnings of 21 cents a share on revenue of $ 410.7 million. Atlassian also announced the acquisition of Swedish asset and configuration management company Mindville for an undisclosed amount.
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