Commvault: Fiscal 1Q Earnings Snapshot
TINTON FALLS, N.J. (AP) _ Commvault Systems Inc. (CVLT) on Tuesday reported a loss of $6.8 million in its fiscal first quarter.
The Tinton Falls, New Jersey-based company said it had a loss of 15 cents per share. Earnings, adjusted for stock option expense and restructuring costs, were 27 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The data-management software company posted revenue of $162.2 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $170.3 million.
Commvault shares have dropped 15% since the beginning of the year. The stock has declined 21% in the last 12 months.