Splunk Shares Rally On Earnings Beat, Outlook

MarketWatch Pulse

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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