Splunk: Fiscal 3Q Earnings Snapshot
SAN FRANCISCO (AP) _ Splunk Inc. (SPLK) on Thursday reported a loss of $55.7 million in its fiscal third quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 38 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 38 cents per share.
The results surpassed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The maker of software that helps companies collect and analyze internal data posted revenue of $481 million in the period, also beating Street forecasts. Fourteen analysts surveyed by Zacks expected $432.3 million.
For the current quarter ending in January, Splunk said it expects revenue in the range of $560 million. Analysts surveyed by Zacks had expected revenue of $553.1 million.
Splunk shares have increased 22 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $101.35, a climb of 28 percent in the last 12 months.