Splunk Shares Rally On Earnings Beat, Outlook

Splunk Inc. shares rallied in the extended session Thursday after the company topped Wall Street estimates for the quarter and forecast stronger-than-expected sales for the year. Splunk shares climbed 6.7% to $74.26 on heavy volume. The data software company reported adjusted fourth-quarter earnings of 9 cents a share on revenue of $147.4 million. Analysts surveyed by FactSet had expected 5 cents a share on revenue of $137 million. The company expects revenue of $116 million to $118 million in the first quarter, and about $600 million for the year. Analysts estimate $115.5 million for the first quarter, and $580.6 million for the year.

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