Nutanix Inc.’s stock improved 12% in extended trading Thursday after the company reported quarterly revenue that topped analyst estimates and issued strong...
Nutanix Inc.’s NTNX, +0.94% stock improved 12% in extended trading Thursday after the company reported quarterly revenue that topped analyst estimates and issued strong sales guidance. The company’s board also authorized the repurchase of up to $350 million in stock. Nutanix reported a fiscal fourth-quarter net loss of $13.3 million. Adjusted earnings were 24 cents a share.
Revenue leaped 28% to $494.2 million from $385.5 million a year ago. Analysts surveyed by FactSet had expected on average net earnings of 16 cents a share on revenue of $475 million. Nutanix is predicting $495 million to $505 million in first-quarter sales, blowing past analyst estimates of $487 million. Shares of Nutanix have gained 19% this year, while the broader S&P 500 index SPX, -0.16% is up 17%.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Miley Cyrus claims she worked demanding 12-hour schedule at ’12 or 13 years old’'Hannah Montana' actress Miley Cyrus detailed her grueling 12-hour work schedule at '12 or 13 years old' while working on the popular Disney show.
Read more »
Arizona, Arizona State and Utah Leaving Pac-12 for Big 12Arizona, Arizona State and Utah join the Pac-12’s mass exodus as all three follow Colorado to the Big 12.
Read more »
Amazon's stock heads toward longest monthly winning streak in 12 yearsThe last time Amazon's stock gained for six consecutive months was the period that ended in July 2011.
Read more »
All 12 Enchanted Cards In Disney Lorcana: The First Chapter (& How Much They're Worth)The rarest cards in Lorcana’s First Chapter.
Read more »
Letter: Utah needs a required mental health curriculum for all K-12 schoolsWe know there is a widespread problem with mental health. According to the APA, there is a mental health crisis in children. The Centers for Disease Control and Prevention states, “Nearly 1 in 5 children have a mental, emotional, or behavioral disorder,” and “only 20% receive care from a specialized mental health care provider” (CDC, 2023). In House Bill 403, Utah requires Local Education Agencies (LEAs) to opt in or out of mental health screening programs for students. Code 53F-2-522 sets the standards of implementation.
Read more »