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SPLK stock jumps to quarterly earnings report


splashing (SPLK) reported third-quarter results late Wednesday that showed earnings and revenue estimates have outperformed. SPLK stock skyrocketed.




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The data analytics company reported adjusted earnings of 83 cents a share on revenue of $930 million. Analysts expect Splunk to report adjusted earnings of 25 cents a share on revenue of $847 million.

SPLK stock rose 6.5% to 82.75, in after-hours trading on stock market today.

For this year, Splunk expects revenue between $1.055 billion and $1.085 billion. The midpoint of $1.07 billion is slightly higher than the estimate of $1.067 billion.

Using data analytics, Splunk helps businesses gain valuable insights in many areas. This includes in-depth customer research, product development, cost management, and competitive analysis.

CEO Gary Steele said in a statement to Splunk . Earning Release.

Steele continued: “We remain focused on balancing long-term and sustainable growth with profitability. “In addition to the good business results, we also made good progress in reducing costs during the quarter.”

Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets.

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