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Tableau plummets as much 40 pct after earnings

Tableau Software on the floor of the New York Stock Exchange
Brendan McDermid | Reuters
Tableau Software on the floor of the New York Stock Exchange

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.