Veeva Shares Drop Despite Earnings Beat, Investors Eye AI Move
Veeva Systems Inc. shares dropped after hours Wednesday. The life-sciences software firm topped quarterly estimates and boosted its full-year forecast, but that didn’t move investors looking for more than just earnings numbers in line. The stock ended regular hours at $178.69, down 2.3%. After the bell, shares changed hands at $170.50 as of 5:40 p.m. Eastern, MarketBeat said. Veeva posted adjusted EPS of $2.24, topping the $2.13 estimate, with revenue at $882.95 million, beating forecasts for $857.73 million.