Why Freshworks Stock Plummeted 29.9% in November

·2-min read
Why Freshworks Stock Plummeted 29.9% in November

Shares of Freshworks (NASDAQ: FRSH) sank 29.9% in November, according to data from S&P Global Market Intelligence. Freshworks published its Q1 results on Nov. 2, posting sales and earnings for the period that came in ahead of the market's expectations. The company posted a non-GAAP (adjusted) loss of $0.04 on revenue of $96.61 million in the period, while the average analyst estimate had called for a $0.10 per share loss on sales of $90.85 million.

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