Nutanix: Fiscal 1Q Earnings Snapshot
Posted November 23, 2020 1:13 pm.
Last Updated November 23, 2020 1:18 pm.
SAN JOSE, Calif. (AP) _ Nutanix Inc. (NTNX) on Monday reported a loss of $265 million in its fiscal first quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of $1.31. Losses, adjusted for stock option expense and non-recurring costs, were 44 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share.
The enterprise cloud platform services provider posted revenue of $312.8 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $298.5 million.
Nutanix shares have fallen nearly 9% since the beginning of the year. In the final minutes of trading on Monday, shares hit $28.49, a decrease of 4% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTNX at https://www.zacks.com/ap/NTNX
The Associated Press
