Commvault: Fiscal 1Q Earnings Snapshot
Jul. 24, 2018
TINTON FALLS, N.J. (AP) _ Commvault Systems Inc. (CVLT) on Tuesday reported a loss of $8.6 million in its fiscal first quarter.
On a per-share basis, the Tinton Falls, New Jersey-based company said it had a loss of 19 cents. Earnings, adjusted for one-time gains and costs, came to 36 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The data-management software company posted revenue of $176.2 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $178.5 million.
Commvault shares have climbed 30 percent since the beginning of the year. The stock has climbed 13 percent in the last 12 months.