Splunk Gains After Third Quarter Sales Beat Highest Estimate
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Splunk gained as much as 7.6% after third-quarter revenue beat the highest analyst estimate.
The data-software company reported adjusted earnings of 58 cents a share on revenue of $626.3 million. That compared with estimates of 54 cents and $603.7 million, according to data compiled by Bloomberg. Free cash flow in the quarter was negative $162 million. Analysts on average had been expecting negative cash flow of $131.6 million.