Splunk Earnings Beat Estimates, As Does Revenue Outlook

Splunk (SPLK) reported first-quarter earnings after the market close Thursday that beat analyst estimates for sales and earnings and presented a second-quarter outlook that was also ahead of expectations.

The company reported revenue of $311.6 million, up 37% from the year-ago quarter. That beat estimates of $298 million, as polled by Zacks Investment Research. It reported an adjusted loss of 7 cents per share. That beat projections for a 9-cent loss.

Shares were down 1.3%, near 114.75,...

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