Veeva’s Q4 Beat, Buyout Fail To Impress Market

By | March 3, 2015

Scalper1 News

Cloud company Veeva Systems late Tuesday beat Q4 earnings estimates, but its guidance was basically in line. The company announced a buyout, and shares plunged after hours. For fiscal Q4 ended Jan. 31, Veeva (VEEV) made 12 cents a share excluding one-time items, up 71% from the year-earlier quarter and 3 cents above analysts’ consensus, according to Thomson Reuters. Sales rose 39% to $87 million, about $2 million above consensus. For the year, the Scalper1 News

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