Infoblox Shares Rise 9% After Beating Second-quarter Earnings
Infoblox Inc. [ s: BLOX] shares rose 9% after the company reported second-quarter earnings that beat expectations. Infoblox reported a net loss of $7 million, or 13 cents per share, wider than its net loss of $4.4 million, or 8 cents per share in the year-earlier period. The company reported adjusted earnings per share of 9 cents, above the FactSet consensus of 5 cents per share. Infoblox reported sales of $74.3 million up from $60.9 million in the year-earlier period. The FactSet consensus was $68.2 million. Infoblox said they expect third-quarter adjusted earnings per share of 6 cents to 8 cents. The FactSet consensus is 6 cents.
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