01.03.2019, 22:13
Technology | Application Software | USA
Splunk Stock Falls Despite Earnings Beat and Strong Forward Guidance
Wall Street ignores cloud giant's good results and multiple analyst price upgrades.
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SPLK shares briefly rose as much as 5.8% shortly after the market opened, but quickly reversed gears and fell into the red by 1.62% to $133.68.
Splunk went ker-plunk even though the company reported good earnings Thursday after the bell for the company's fiscal fourth quarter, which ended Jan. 31. Splunk said earnings per share for the period came in at 93 cents on an adjusted basis, beating Wall Street expectations of 76 cents. Revenue likewise totaled $622 million, besting analysts estimates of $562.5 million.
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https://www.thestreet.com/markets/splunk...t-14883186
![[Bild: SPLKc1dl1513.png]](https://finviz.com/publish/030119/SPLKc1dl1513.png)
Splunk Stock Falls Despite Earnings Beat and Strong Forward Guidance
Wall Street ignores cloud giant's good results and multiple analyst price upgrades.
...
SPLK shares briefly rose as much as 5.8% shortly after the market opened, but quickly reversed gears and fell into the red by 1.62% to $133.68.
Splunk went ker-plunk even though the company reported good earnings Thursday after the bell for the company's fiscal fourth quarter, which ended Jan. 31. Splunk said earnings per share for the period came in at 93 cents on an adjusted basis, beating Wall Street expectations of 76 cents. Revenue likewise totaled $622 million, besting analysts estimates of $562.5 million.
...
https://www.thestreet.com/markets/splunk...t-14883186