India, Dec. 3 -- Shares of Domo, Inc. (DOMO), that operates a cloud-based platform, are falling more than 14% Friday morning after its fourth-quarter revenue outlook came in slightly below view.
Domo expects revenue to be in the range of $66.5 million to $67.5 million in the fourth quarter. This compares with the consensus estimate of analysts polled by Thomson Reuters at $67.71 million.
The company sees fourth-quarter adjusted loss per share to be in the range of $0.37 and $0.41. The consensus estimate stands at $0.41 per share.
In the third quarter, Domo reported wider net loss at $28.51 million or $0.88 per share than net loss of $22.22 million or $0.75 per share in the same quarter a year ago.
Excluding one-time items, loss was $10....