Stock Track | Couchbase Plunges 7.69% in Pre-market Amid CFO Resignation and Mixed Q4 Results
Couchbase, Inc. (BASE) witnessed a significant pre-market plunge of 7.69% on Wednesday, amidst the announcement of the resignation of its Chief Financial Officer, Greg Henry, and the release of its mixed fourth-quarter financial results.
The company reported a break-even earnings per share for the quarter ended January 2025, surpassing analysts' expectations of a loss of $0.08 per share. However, the revenue growth of 9.7% year-over-year to $54.92 million, while beating estimates, was relatively modest. Additionally, the company's weak guidance for the upcoming quarter and fiscal year may have contributed to the stock's decline.
The unexpected departure of the CFO, coupled with the underwhelming revenue growth and outlook, raised concerns among investors regarding the company's future financial performance and leadership stability, leading to the pre-market sell-off.
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