U.S. Markets closed

Splunk reports 4Q loss

SAN FRANCISCO (AP) _ Splunk Inc. (SPLK) on Thursday reported a loss of $74.2 million in its fiscal fourth quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 54 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 25 cents per share.

The results topped Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The maker of software that helps companies collect and analyze internal data posted revenue of $306.5 million in the period, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $288.5 million.

For the current quarter ending in May, Splunk said it expects revenue in the range of $231 million to $233 million. Analysts surveyed by Zacks had expected revenue of $241.2 million.

The company expects full-year revenue of $1.19 billion.

Splunk shares have risen 27 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $64.90, a rise of 84 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPLK at https://www.zacks.com/ap/SPLK

_____

Keywords: Splunk, Earnings Report