NOW is trading at $88.25 (+4.1%), recovering from a sharp -17.75% plunge on Thursday. The initial sell-off occurred despite the company reporting earnings that beat estimates, as investors reacted to management's commentary on geopolitical uncertainty potentially delaying future deals.
- The rebound comes amid a broader market rally fueled by easing geopolitical tensions and positive tech earnings from companies like Intel.
- ServiceNow's Q1 earnings of $0.97 per share beat consensus estimates, and revenue of $3.77 billion also topped expectations.