Tableau Software reported quarterly earnings and revenue that easily beat analysts' expectations on Thursday.
But shares plunged as much as 40 percent in after-hours trading. The company warned in its earnings release that it was unlikely to realize the benefit of certain tax assets.
The company also reported a GAAP net loss for the quarter was $41.3 million, or 57 cents per share, compared to a GAAP net income of $20.7 million, or 27 cents per share, for the same period last year.
The company posted fourth-quarter earnings per share of 33 cents, compared to 42 cents a share in the year-earlier period. Revenue for the quarter came in at $201 million, against the comparable year-ago figure of $143 million.
Analysts had expected Tableau to report earnings of about 16 cents a share on $201 million in revenue, according to a consensus estimate from Thomson Reuters.
Tableau's market cap was $5.9 billion at the close.