Nutanix: Fiscal 4Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Nutanix Inc. (NTNX) on Thursday reported a loss of $87.4 million in its fiscal fourth quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 51 cents. Losses, adjusted for stock option expense and amortization costs, came to 11 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The enterprise cloud platform services provider posted revenue of $303.7 million in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $298.3 million.
For the year, the company reported that its loss narrowed to $297.2 million, or $1.81 per share. Revenue was reported as $1.16 billion.
For the current quarter ending in November, Nutanix expects its per-share earnings to range from 26 cents to 28 cents.
The company said it expects revenue in the range of $295 million to $310 million for the fiscal first quarter.
Nutanix shares have climbed 72 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $60.82, more than doubling in the last 12 months.