Market Overview

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

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Splunk (NASDAQ: 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.

Posted-In: lossEarnings News Guidance

 

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