Why Domo Stock Spiked Today

Why Domo Stock Spiked Today

Shares of Domo (NASDAQ: DOMO) jumped today after the company released its third-quarter results yesterday that outpaced analysts' revenue and earnings estimates. Domo's revenue jumped 20% year over year to $53.6 million, which beat Wall Street's estimate of $51.76 million. The cloud computing software company reported an adjusted loss of $0.40 per share, which was also ahead of analysts' consensus estimate of a loss of $0.44 per share.