Why Splunk, Inc. Stock Skyrocketed Today
Shares of Splunk Inc. (NASDAQ: SPLK) were up 15.9% as of 11 a.m. EST Friday, after the operational-intelligence platform specialist announced stronger-than-expected quarterly results and raised its guidance for the year.
More specifically, for its fiscal third-quarter 2018, ended Oct. 31, 2017, Splunk's revenue climbed 34.3% year over year to $328.7 million, smashing its most recent guidance for sales to arrive between $307 million and $308 million. On the bottom line, that translated to adjusted net income of $25.1 million, or $0.17 per share, up from $0.12 per share in the same year-ago period and above investors' expectations for $0.14.
IMAGE SOURCE: SPLUNK.
Source: Fool.com