Slack forecast disappoints as competition weighs, shares drop

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Slack forecast disappoints as competition weighs, shares drop
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Slack Technologies Inc forecast disappointing current-quarter revenue and profit...

) forecast disappointing current-quarter revenue and profit on Wednesday as its messaging platform wrestles with stiff competition.

Shares of the company, often described as an “email killer” were down nearly 2% in trading after the bell. The company forecast fourth-quarter loss between 6 cents and 7 cents per share. Analysts on average were expecting a loss of 6 cents per share, according to IBES data from Refinitiv.

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