Splunk: Fiscal 3Q Earnings Snapshot
SAN FRANCISCO (AP) _ Splunk Inc. (SPLK) on Thursday reported a loss of $57.6 million in its fiscal third quarter.
The San Francisco-based company said it had a loss of 38 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 58 cents per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The maker of software that helps companies collect and analyze internal data posted revenue of $626.3 million in the period, also exceeding Street forecasts. Twelve analysts surveyed by Zacks expected $603.4 million.
For the current quarter ending in January, Splunk said it expects revenue in the range of $780 million. Analysts surveyed by Zacks had expected revenue of $764.7 million.
The company expects full-year revenue of $2.35 billion.
Splunk shares have risen 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $126.52, a climb of 37% in the last 12 months.