Nimble Storage Inc Beats Q3 Views; Outlook Weaker Than Expected

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Nimble Storage Inc.
NMBL
beat expectations for the recent period Tuesday on revenue growth of 77 percent but said its fourth-quarter loss will be wider than expected. In the extended session recently, Nimble was nearly unchanged at $26.51 a share. The stock is off more than 40 percent in the year to date. The San Jose, Calif., storage-platform provider predicted a fourth-quarter adjusted loss of $0.14 cents to $0.15 cents a share, on revenue of $65 million to $67 million. Wall Street expects a fourth-quarter adjusted loss of $0.13 cents a share, on revenue of $64.3 million. In the recent third quarter, Nimble's loss widened to $28.4 million, or $0.39 cents a share, from a year-earlier loss of $10.1 million, or $0.48 cents a share. The company's recent adjusted loss equaled $0.15 cents a share, while third-quarter revenue increased to $59.1 million, from $33.4 million a year earlier. Wall Street expected an adjusted loss of $0.16 cents a share, on revenue of $57.75 million.
Posted In: NewsGuidanceAfter-Hours Center
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