Shares of Splunk Inc. jumped in extended trading Wednesday after the software company reported quarterly results that topped analyst revenue and earnings...
Shares of Splunk Inc. initially jumped more than 8% in extended trading Wednesday after the software company reported quarterly results that topped analysts’ revenue and earnings estimates.
Splunk SPLK, +1.82% reported a fiscal second-quarter net loss of $63.2 million, or 38 cents a share, compared with a net loss of $209.7 million, or $1.30 a share, in the year-ago quarter. Adjusted earnings were 71 cents a share.Analysts surveyed by FactSet had expected, on average, net earnings of 46 cents a share on revenue of $889 million.
Splunk offered third-quarter revenue guidance of between $1.02 billion and $1.035 billion, topping FactSet analysts’ estimates of $982 million.
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