RTTNews | Nov 24, 2021 10:38AM EST

10:37 Wednesday, November 24, 2021 (RTTNews.com) - California-based technology company, Anaplan, Inc (PLAN) shares slipped 20% on Wednesday after the company reported a wider net loss in the third quarter. However, loss per share managed to beat the Street view. Anaplan has also increased its full-year outlook.

Net loss reported was $40.98 million or $0.28 loss per share, up from $36.79 million or $0.26 loss per share in the same quarter last year. On an adjusted basis, the loss was $7.31 million or $0.05 per share, from $6.99 million or $0.05 per share last term. On average, 16 analysts polled by Thomson Reuters expected the loss to be $0.07 per share.

The stock is currently trading at $41.79, down $10.27 or 19.73% since its previous close at $52.06. The stock opened at $40.33 in the morning. In the 52-week period, the shares have ranged between $40.13 and $86.17 per share.

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