Commvault reports 2Q loss
Oct. 25, 2016
TINTON FALLS, N.J. (AP) — TINTON FALLS, N.J. (AP) — Commvault Systems Inc. (CVLT) on Tuesday reported a loss of $562,000 in its fiscal second quarter.
On a per-share basis, the Tinton Falls, New Jersey-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, were 25 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The data-management software company posted revenue of $159.3 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $153.2 million.
Commvault shares have climbed 37 percent since the beginning of the year. The stock has risen 45 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVLT at http://www.zacks.com/ap/CVLT
Keywords: Commvault Systems, Earnings Report