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Splunk: Fiscal 2Q Earnings Snapshot

August 23, 2018

SAN FRANCISCO (AP) _ Splunk Inc. (SPLK) on Thursday reported a loss of $103.5 million in its fiscal second quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 71 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.

The results topped Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The maker of software that helps companies collect and analyze internal data posted revenue of $388.3 million in the period, also beating Street forecasts. Fifteen analysts surveyed by Zacks expected $358.4 million.

For the current quarter ending in November, Splunk said it expects revenue in the range of $430 million to $432 million. Analysts surveyed by Zacks had expected revenue of $428.2 million.

The company expects full-year revenue of $1.69 billion.

Splunk shares have climbed 30 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $107.77, a rise of 79 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPLK at https://www.zacks.com/ap/SPLK

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