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Why Did Alteryx Stock Fall 29% in August?

Why Did Alteryx Stock Fall 29% in August?

Shares of Alteryx (NYSE: AYX) dropped 28.8% last month, according to S&P Global Market Intelligence. The company's quarterly earnings results revealed dramatically slowing sales that came in well below expectations. Alteryx reported just 4% revenue growth in the second quarter, which was nearly 8% lower than Wall Street's expectation.