Slack falls over 13% after pulling year guidance
Stocks of American international software company Slack Technologies Inc. fell more than 13% on Friday in premarket trading as the investors might have expected higher revenue growth than the company delivered in its earnings report for the first quarter of 2021.
The company also withdrew its full-year guidance due to uncertainty relating to the coronavirus pandemic.
Slack shares plunged by 13.18% to $32.94 per share at 8:07 am ET.
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