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Nutanix shares higher pre-market after quarterly results, outlook top estimates after-hours

Last updated: 13:56 02 Mar 2018 GMT, First published: 08:56 02 Mar 2018 GMT

Cloud computing
Nutanix's The group’s fourth-quarter revenue rose to US$286.7mln, up from US$199.2mln a year earlier,

Nutanix Inc. (NASDAQ:NTNX) saw its shares rise in pre-market trading after the enterprise cloud computing company's quarterly results and outlook topped estimates after-hours on Thursday.

The Nasdaq-listed company reported a fiscal second-quarter loss of US$62.6mln, or 39 US cents a share, compared to a US$76.4mln or 54 US cents a share loss a year earlier.

READ: Nutanix shares surge in pre-market deals on first quarter beat

It said its quarterly adjusted loss per share was 14 US cents a share, above forecasts for a loss of 20 US cents a share.

The group’s fourth-quarter revenue rose to US$286.7mln, up from US$199.2mln a year earlier, and better than estimates for US$283mln.

For the third quarter, Nutanix estimates an adjusted loss per share of 21 US cents to 19 US cents on revenue of US$275mln to US$280mln, higher than the current consensus for a 23 US cents and US$268.4mln respectively.

In pre-market New York trading, Nutanix shares were 2.8% higher at US$37.20.

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