Shares of Nutanix Inc. (NTNX, Financial) jumped on Friday after the company reported financial results for its first quarter. Quarterly revenue grew 46.2% to $275.6 million and beat estimates by $8.7 million. The company posted an earnings loss of 16 cents per share, beating expectations by 10 cents. Moreover, operating cash flow reached $10.1 million, compared to $4.2 million in the year-ago quarter, and free cash flow of $-7.9 million was higher than the $-7.8 million reported in the first quarter of fiscal 2017.
“Over the coming quarters we will thoughtfully adopt a software-centric strategy," Chairman, Founder and CEO Dheeraj Pandey said. "Customers will continue to experience the same simple purchasing process and high-quality customer service. With a strong instinct for go-to-market, an imminent and differentiated roadmap for hybrid cloud, and a diverse executive team, I'm very much looking forward to a strong performance in the remainder of fiscal 2018.”
Five Below Inc. (FIVE, Financial) lost ground after announcing financial results for the third quarter. EPS of 18 cents beat expectations by five cents. Revenue of $257.2 million beat estimates by $11.14 million and grew 28.9% year over year.
CEO Joel Anderson said the company's “performance reflects a strong customer response."
"With the strength of our year-to-date performance, as well as our quarter-to-date momentum, we are raising our guidance for the year,” he added.
For the fourth quarter, the company expects net sales to be in the range of $491 million to $503 million. Net income is expected to be between $60.8 million and $64.6 million, which translates to EPS between $1.09 and $1.16.
For full fiscal 2017, the company expects net sales in the range of $1.264 billion to $1.276 billion. Net income is projected to range from $95.9 million to $99.7 million, translating to EPS between $1.72 and $1.79.
Shares of Big Lots Inc. (BIG, Financial) were down after the company reported financial results for the third quarter. EPS of six cents beat estimates by two cents, but revenue of $1.11 billion fell short of expectations by $10 million. Revenue was flat year over year.
Looking ahead, the retailer's guidance is solid. For the fourth quarter, the company expects income in the range of $2.35 to $2.40 per diluted share, higher than previous guidance of $2.30 to $2.38 per diluted share.
Disclosure: The author holds no positions in any stocks mentioned.
