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3 Stocks Move Wednesday

- By Omar Venerio

Shares of Nutanix Inc. (NTNX) jumped almost 8% after the company posted first-quarter loss of 13 cents per share, on revenue of $313.28 million, reflecting 13.7% year-over-year growth. The company beat earnings estimates by 14 cents and revenue expectations by $8.07 million.

Billings were $383.6 million, higher than $315.3 million registered in the first quarter of the prior year, due to the shift from hardware revenue to software revenue .


Software and Support Revenue reached $280.7 million, a 44% year-over-year increase from $194.7 million in the first quarter of fiscal 2018 . Software and Support Billings were $351.0 million, 50% higher than $ 234.5 million

The gross margin was 76.3%, up from 60.6%, and the non-GAAP gross margin was 78.6%, up from 61.9% in the comparable period of the past year.

Looking ahead the second quarter of fi scal 2019 , the company expects r evenue in the range of $325 million and $335 million, billings between $410 million and $420 million, n on-GAAP gross margin to be between 78% and 79%, and a non-GAAP loss per share of 25 cents.

Shares of Weibo Corporation (WB) gained also about 8 % on Wednes day after announcing third-quarter results. The company posted earnings of 75 cents per share and $ 460 . 17 million in revenues , a 43 . 8 % year-over-year growth. The company beat earnings estimates by 5 cents and revenue expectations by $ 1 . 85 million .

The adjusted Ebitda reache d $192.8 million, an increase of 42% year-over-year, or 42% of net revenues, compared to 42% for the same trimester of the last year .

Looking ahead f or the fourth quarter of 2018, the company estimates net revenues in the range of $480 million and $490 million .

Shares of Tiffany & Co. (TIF) fell almost 10% after reporting third quarter earnings per share of 77 cents on revenue of $1.1 billion, a 3.5% year-over-year growth. The company beat earnings estimates by 1 cent, but fell short of revenue expectations by $40 million.

In the Americas, total net sales increased 5% to $442 million in the third quarte r. In Asia-Pacific, total net sales rose 4% to $294 million due to the performance in China . In Japan, total net sales rose 2% to $142 million and i n Europe, total net sales were $114 million.

The company 's guidance for fiscal 2018 included net earnings between $4.65 and $4.80 per diluted share .

D isclosure: The author holds no position in any stocks mentioned .

Read more here:

Wall Street Green Wednesday

2 Stocks Fall Tuesday

Wall Street Back Again on Tuesday

This article first appeared on GuruFocus.


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