Hortonworks Surges On Strong Revenue Outlook

By Markets MarketWatch Pulse

Shares of Hortonworks Inc. soared in Thursday's extended session after the distributor of Hadoop software issued a revenue outlook ahead of Wall Street's estimates. Hortonworks reported its third-quarter loss widened to $64.7 million, or $1.10 a share, from a loss of $45.3 million, or $1.03 a share, a year earlier. On an adjusted basis, the company would have lost 68 cents a share. Revenue rose 47% to $47.5 million. Analysts surveyed by FactSet had forecast a loss of 66 cents a share on revenue of $45.1 million. The company forecast revenue of $48 million in the fourth quarter and $180.5 million for 2016, slighty ahead of analysts' estimate of $47.7 million and $177.7 million, respectively. Shares jumped 14% after hours.

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