What's Happening With The Drop In ServiceNow Stock?

ServiceNow Inc (NYSE:NOW) shares are dipping on Tuesday. Investors are looking ahead to the company's fourth‑quarter earnings report.

Analysts expect ServiceNow to post earnings of 72 cents per share for the quarter, according to Benzinga Pro estimates. For comparison, ServiceNow reported GAAP earnings of $2.40 per diluted share last quarter.

Momentum From A Strong Q3

The company heads into the report with strong momentum after a standout third-quarter, where it beat guidance across all major growth and profitability metrics. Subscription revenue climbed to $3.3 billion, up 21.5% year-over-year, while total revenue reached $3.41 billion, also rising 22%.

ServiceNow also reported solid gains in remaining performance ...