UPDATE: Splunk Posts Narrower-Than-Expected Q3 Loss, Issues Upbeat Revenue Forecast

Splunk SPLK posted a narrower-than-expected fiscal third-quarter loss. Splunk now expects full-year revenue of $192 million to $194 million, up from its August forecast of $183 million to $186 million. Splunk posted a quarterly loss of $5.5 million, or $0.06 per share, versus a year-ago loss of $3.6 million, or $0.17 per share. Excluding stock-based compensation, the company lost a penny per share. However, analysts were expecting an adjusted loss of $0.02 per share. Its revenue climbed 67% to $52 million. The company in August expected revenue of $45 million to $47 million. Its operating expenses climbed 66%, while input costs rose 84%. Splunk shares gained 2.07% to $30.60 in after-hours trading.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceloss
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!