24.05.2019 23:18:00

Why Shares of Splunk Fell on Friday

Shares of Splunk Inc. (NASDAQ: SPLK) fell 7.3% on Friday despite the company reporting strong fiscal first-quarter earnings, as analysts focused instead on the software company's weak cash flow guidance and slowing customer gains.After markets closed Thursday night, Splunk, a data-analytics software vendor, reported adjusted fiscal first-quarter earnings of $0.02 per share on revenue of $425 million, easily topping analyst consensus for a $0.14 per-share loss on $395 million in sales. The company also raised full fiscal-year revenue guidance to $2.25 billion from $2.2 billion, implying some upside over the consensus $2.22 billion estimate.Image source: Getty Images.Continue reading
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