Nutanix shares rise after results, outlook beat

Nutanix Inc. shares rose in the extended session Thursday after the enterprise cloud computing company’s quarterly results and outlook topped Wall Street estimates. Nutanix shares rose 2.6% after hours. The company reported a fiscal second-quarter loss of $62.6 million, or 39 cents a share, compared with $76.4 million, or 54 cents a share, in the year-ago period. The adjusted per-share loss was 14 cents a share. Revenue rose to $286.7 million from $199.2 million in the year-ago period. Analysts surveyed by FactSet had estimated a loss of 20 cents a share on revenue of $283.2 million. For the third quarter, Nutanix estimates an adjusted loss of 21 cents to 19 cents a share on revenue of $275 million to $280 million. Analysts expect an adjusted loss of 23 cents a share on revenue of $268.4 million.

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