Shares of Splunk Inc. rose more than 6% late Thursday after the company beat expectations for fourth-quarter adjusted earnings and sales. Splunk said it lost $25 million, or 18 cents a share, in the quarter, compared with a loss of $74 million, or 54 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 37 cents a share, versus an adjusted loss of 1 cent a year ago. Revenue rose 37% to $419.7 million, compared with $306 million a year ago. Analysts polled by FactSet had expected adjusted earnings of 33 cents a share on sales of $391 million. Splunk said it expects fiscal first-quarter 2019 revenue between $295 million and $297 million, in line with expectations.
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