SERVICENOW SHARES SINK 17% ON TWO-CENT MISS

ServiceNow beat the high end of its own guidance, with third-quarter revenue climbing to $4.11 billion and full-year subscription guidance raised to $15.78-15.79 billion. None of that mattered to investors: a two-cent miss on adjusted earnings per share sent $NOW shares tumbling 17% after hours to $124.45. The reaction shows how little room high-multiple software stocks have for error.