Okta Inc. shares rose in the extended session Thursday after the cloud-based human-resources services provider reported results for the quarter and an outlook that topped Wall Street estimates. Okta shares advanced 3.2% to $27.99 after hours. The company reported a second-quarter loss of $27 million, or 29 cents a share, compared to $20.6 million, or $1.10 a share, in the year-ago period. The adjusted loss was 19 cents a share. Revenue rose to $61 million from $37.4 million in the year-ago period. Analysts surveyed by FactSet had estimated a loss of 26 cents a share on revenue of $55.9 million. For the third quarter, Okta estimates an adjusted loss of 25 cents to 24 cents a share on revenue of $62 million to $63 million. Analysts had estimated a loss of 29 cents a share on revenue of $60.3 million.
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