Couchbase Shares Tumble 8.7% on 4Q Revenue Outlook

Dow Jones

2024-12-04

By Denny Jacob

Couchbase shares fell 8.7% in premarket trading after its guidance for the fourth quarter came in a touch below Wall Street's estimates.

Shares were trading around $19.28. The stock is down 6.2% on the year.

The cloud-database platform guided for revenue between $52.7 million and $53.5 million. Analysts polled by FactSet had expected $54 million.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

December 04, 2024 06:18 ET (11:18 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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