Why Shares of Tintri Inc. Crashed Today
Shares of enterprise cloud-platform provider Tintri Inc. (NASDAQ: TNTR) tumbled on Friday after the company reported mixed second-quarter financial results. Revenue came in below the average analyst estimate and at the low end of the company's own expectations, and Tintri's third-quarter guidance called for minimal sequential revenue growth. The stock was down about 27% at 11:15 a.m. EDT.
Tintri reported second-quarter revenue of $34.9 million, up 27% year over year but roughly $0.8 million below the average analyst estimate. Tintri's total customer count now exceeds 1,400; the company did not disclose the precise number of new enterprise and cloud service provider customers gained during the quarter.
Tintri's T-5000 all-flash array. Image source: Tintri.
Source: Fool.com
