Infoblox Results Top Estimate, Q2 Outlook Strong; Stock Up 8%

(RTTNews) - Infoblox Inc (BLOX) Tuesday reported first-quarter net loss of $10 million or $0.18 per share compared with a loss of $2.5 million or $0.05 per share last year.

Excluding items, adjusted earnings for the quarter were $0.05 per share compared with earnings of $0.12 per share a year ago.

Revenues for the quarter were $66.7 million compared with $63.5 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.03 per share on revenues of $64.5 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, the company expects adjusted earnings of $0.04 to $0.05 per share on revenues of $66.5 million to $68.5 million. Analysts expect earnings of $0.04 per share on revenues of $66.8 million.

Infoblox, based in Santa Clara, California, develops automated network control solutions.