Why Medallia Stock Plummeted Today

Evan Niu, CFA, The Motley Fool
·2-min read
Why Medallia Stock Plummeted Today

Shares of Medallia (NYSE: MDLA) have plummeted today, down by 11% as of 12:50 p.m. EST, after the company reported third-quarter earnings. Revenue in the third quarter was $121 million, ahead of the $116.9 million in sales that Wall Street analysts were looking for. The consensus estimate had called for an adjusted net loss per share of $0.01.