Splunk Shares Rally More Than 10% After Earnings Beat, Outlook

By Wallace WitkowskiMarketWatch Pulse

Splunk Inc. shares rallied in the extended session Thursday after the machine-data software company topped Wall Street estimates on earnings and outlook. Splunk shares jumped 12% to $43.02 after hours. The company reported adjusted fourth-quarter earnings of 11 cents a share on revenue of $220 million. Analysts surveyed by FactSet had forecast 8 cents a share on revenue of $202.9 million. Splunk sees first-quarter revenue of $172 million to $174 million, while analysts expect $170.7 million.

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