Veeva Raises Outlook After Beat, But Shares Dip as AI Looms
Veeva Systems stock was lower before the open on Thursday. The life-sciences software group topped quarterly estimates and raised its forecast for the full year, but investors still had questions about AI, services growth, and customer shifts, even after what looked like a solid report. Veeva shares were quoted at $178.72, down $4.54, or about 2.5%, in premarket trading in New York. The drop followed Veeva's fiscal first-quarter revenue of $882.9 million, beating the consensus estimate of $857.75 million from Investing.com. Adjusted EPS was $2.24, also above the $2.14 estimate.