UPDATE: Splunk Posts Narrower-Than-Expected Q3 Loss, Issues Upbeat Revenue Forecast
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.