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ServiceNow: 3Q Earnings Snapshot

October 23, 2019 GMT

SANTA CLARA, Calif. (AP) _ ServiceNow Inc. (NOW) on Wednesday reported third-quarter earnings of $40.6 million.

On a per-share basis, the Santa Clara, California-based company said it had net income of 21 cents. Earnings, adjusted for one-time gains and costs, were 99 cents per share.

The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The maker of software that automates companies’ technology operations posted revenue of $885.8 million in the period, meeting Street forecasts.

ServiceNow shares have increased 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $220.01, an increase of 21% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOW at https://www.zacks.com/ap/NOW