Splunk: Fiscal Q4 Earnings Snapshot

·1 min read

SAN FRANCISCO (AP) _ Splunk Inc. (SPLK) on Wednesday reported a loss of $139.5 million in its fiscal fourth quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 86 cents. Earnings, adjusted for one-time gains and costs, were 38 cents per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The maker of software that helps companies collect and analyze internal data posted revenue of $745.1 million in the period, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $676.4 million.

For the year, the company reported that its loss widened to $908 million, or $5.68 per share. Revenue was reported as $2.23 billion.

For the current quarter ending in May, Splunk said it expects revenue in the range of $480 million to $500 million. Analysts surveyed by Zacks had expected revenue of $512.9 million.

Splunk shares have declined 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $143.19, a fall of roughly 4% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPLK at https://www.zacks.com/ap/SPLK