Splunk Results Top Estimate, Again Lifts FY Guidance; Stock Up 5.3%

(RTTNews) - Splunk Inc (SPLK) Thursday reported third-quarter net loss of $48.6 million or $0.40 per share compared with a loss of $16.6 million or $0.16 per share last year.

Results for the quarter included stock-based compensation expense of $48 million compared with $4 million a year ago.

Excluding items, adjusted earnings for the quarter were $0.02 per share compared with $0.00 per share a year ago.

The San Francisco, California-based company'e revenues for the quarter rose to $116 million from $78.6 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.01 per share on revenues of $107.3 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects revenues of $135 million and $137 million, while analysts expect $133.3 million.

For the fiscal year 2015, the company now expects revenues of $438 million and $440 million, up from prior guidance of $423 million to $428 million. Analysts expect revenues of $428 million.

For 2016, Splunk expects revenues of about $575 million, while analysts expect $570.3 million.

Splunk produces software for searching, monitoring, and analyzing machine-generated big data, via a web-style interface.