nCino falls after downbeat Q3 revenue forecast

nCino

30/08/2023 13:22

** Shares of cloud-based banking software firm nCino
 NCNO.O  down 5% at $28.02 premarket 
    ** nCino on Tuesday forecast Q3 revenue below Wall Street
estimates 
    ** Sees Q3 revenue between $120 mln and $121 mln, below
analysts' expectations of $121.4 mln - Refinitiv
    ** However, company posted Q2 revenue of $117.24 mln, above
analysts' estimates of $115 mln 
    ** As of last close, shares up 11.5% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))