Hortonworks Shares Up After Narrower-than-expected Quarterly Loss

Hortonworks Inc. late Tuesday said it lost $40.1 million, or 97 cents a share, in the first quarter, compared with a loss of $20.3 million, or $5.25 a share, in the year-ago period. Adjusted for one-time items, the company said it lost $32 million, or 77 cents a share, compared with a loss of $15.7 million, or $4.08 a share, a year ago. Revenue hit $22.8 million in the quarter, an increase of 167% compared with the first quarter of 2014, the company said. Analysts polled by FactSet had expected the company to report an adjusted loss of 86 cents a share on revenues of $18 million in the quarter. Shares of Hortonworks rose 14% in after-hours trading on Tuesday.