Nutanix Quarterly Earnings Beat Estimates, Stock Rises

Nutanix (NTNX) reported quarterly earnings after the market close Thursday that soundly beat Wall Street consensus estimates.

Nutanix reported revenue of $226.1 million, ahead of Wall Street analyst estimates of $216 million and up 62% from the year-ago quarter. It also reported an adjusted 33-cent loss, beating the consensus view for a 37-cent loss, as polled by Zacks.

Nutanix shares were up 4.5%, near 23 during after-hours trading in the stock market today. The company held its initial...

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