Splunk Shares Drop As Earnings Meet Street View

Splunk Inc. shares fell in the extended session Thursday even after the machine-data software company met Wall Street estimates for the quarter and raised their guidance. Splunk shares fell 5.8% to $51.75 after hours. The company reported an adjusted first-quarter loss of 2 cents a share on revenue of $186 million. Analysts surveyed by FactSet had forecast a loss of 2 cents a share on revenue of $174.1 million. Splunk now sees full revenue of $892 million to $896 million, while analysts expect $883 million.