Splunk Inc. shares surged in the extended session Thursday after the company beat Wall Street sales and earnings expectations. Splunk shares rose 7.1% to $72.25 after hours. The company reported third-quarter net losses of $50.8 million, or 36 cents a share, compared with losses of $91 million, or 69 cents a share, in the year-ago period. Adjusted earnings were 17 cents a share. Revenue rose to $328.7 million from $244.8 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 14 cents a share on revenue of $309 million. For the fourth quarter, analysts model adjusted earnings of 32 cents a share on revenue of $384 million. Executives forecast fourth-quarter revenue of between $388 million and $390 million. Splunk stock has gained 35% this year, with the S&P 500 index rising 15%.
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