Navan Beats Estimates

Navan’s fiscal Q2 ended July 31 and the company reported non‑GAAP earnings of $0.05 per diluted share, a swing from a $0.17 loss a year earlier. Revenue for the period reached $232.8 million, up from $172.0 million year‑ago and beating the $220.5 million consensus. The earnings beat is reflected in a 10% after‑hours decline in NAVN shares. FactSet expected $0.04 EPS and $220.5 million revenue; Navan thus surpassed both metrics.