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Zendesk shares rise on third-quarter sales and earnings beat

Zendesk Inc. ZEN, -1.26% shares rose within the prolonged session Wednesday after the company beat profits and income estimates. Zendesk shares received 2.9% to $31.50 after hours. The company reported a third-quarter internet lack of $27.69 million, or 28 cents a percentage, compared to a lack of $25.83 million, or 27 cents a percentage, within the year-ago length. Adjusted losses had been two cents a percentage. Revenue rose to $112.78 million from $80.71 million within the year-ago length. Analysts surveyed by way of FactSet had estimated adjusted losses of six cents percentage on income of $109 million. For the fourth quarter, analysts type losses of 1 cent a percentage on income of $119.five million. Executives stated they expect fourth-quarter sales to vary between $118 million and $120 million and operating losses to vary between $29 million and $31 million. Zendesk stock has received 44.four% this year, with the S&P 500 index SPX, +0.16% rising 15%.