Nutanix Shares Gain

Nutanix rose 11% in Friday’s afternoon trade after the company reported financial results for fiscal Q3, with a narrower-than-expected loss and revenue that topped analysts’ estimates. It also provided guidance for fiscal Q4. For the quarter ended April 30, the enterprise cloud platform provider said late Thursday that non-GAAP loss was $0.42 per share, compared with the prior-year period’s $0.33 loss per share. Analysts polled by Capital IQ were expecting a loss of $0.45 per share.

Revenue was $191.8 million, up 67% from $114.7 million in the same quarter last year. The Street view is for revenue of $186.6 million. The company expects Q4 non-GAAP loss of $0.38 per share on revenue of $215 million – $220 million. The Street view is for a loss of $0.39 per share on revenue of $204.7 million.

By Bucky Rini