Appian shares tumble 8.5% on Q4 results

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Shares of Appian Corp.
APPN,
-5.90%
were down 8.5% in extended trading Thursday following the business-tools company’s fiscal fourth-quarter results. Appian reported a net loss of $6.4 million, or 9 cents a share, compared with a net loss of $10.8 million, or 16 cents a share, in the year-ago quarter. Revenue rose 19% to $81.6 million from $68.6 million a year ago. Analysts surveyed by FactSet had expected a loss of 21 cents a share on revenue of $79.8 million. Appian’s stock has skyrocketed 246% over the last 12 months. The broader S&P 500 index
SPX,
-0.19%
has improved 16% in the last year.

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