UPDATE: Nutanix shares rise 5% on quarterly results
Shares of Nutanix Inc. (NTNX) were initially up 5% in extended trading Wednesday after the cloud-computing company reported fiscal second-quarter results. Nutanix reported a net loss of $287.4 million, or $1.42 a share, compared with a net loss of $217.6 million, or $1.13 a share, in the year-ago quarter. Revenue improved was flat, at $346.4 million from $346.8 million a year ago. Analysts surveyed by FactSet had expected a loss of 99 cents a share on revenue of $327 million. Nutanix's stock has inched up 0.6% over the last 12 months. The broader S&P 500 index has improved 26% in the last year.
-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 24, 2021 16:55 ET (21:55 GMT)
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