Shares of Zscaler Inc. (ZS, Financial) climbed more than 25% after reporting a third quarter loss of 2 cents on revenue of $49.16 million. The company beat earnings estimates by 6 cents and revenue expectations by $3.19 million.
Jay Chaudhry, chairman and CEO of Zscaler, said, "Our results reflect the strength of our security cloud platform and the momentum we’re seeing as our customers embrace and accelerate their cloud transformation. We are also very pleased to generate positive free cash flow for the quarter. We have the opportunity to dramatically change the legacy security market and to significantly reduce the costs of networking and security infrastructure."
Looking ahead, for the fourth quarter, the company expects total revenue between $50.0 million and $51.0 million. Also, it projects non-GAAP loss from operations of $6.0 million to $7.0 million and pro-forma non-GAAP net loss per share of 5 cents to 6 cents. Also, for the full fiscal year 2018, it expects total revenue of $184.0 million to $185.0 million, non-GAAP loss from operations of $19.0 million to $20.0 million and pro-forma non-GAAP net loss per share of 17 cents to 18 cents.
Conn's Inc. (CONN, Financial)’s stock advanced on the heels of the company reporting its financial results for the first quarter. The company posted earnings per share of 40 cents, which were 13 cents higher than expectations. The company’s revenue of $358.3 million was higher by 0.7% than the figure reported a year earlier and beat revenue estimations by $3.46 million.
For the second quarter of fiscal year 2019, the company expects retail gross margin between 40.25% and 40.75% of total retail net sales and provision for bad debts between $51.0 million and $55.0 million.
Shares of Thor Industries Inc. (THO, Financial) fell on Thursday after reporting third quarter earnings per share of $2.53 on revenue of $2.25 billion. The company beat earnings estimates by 5 cents and revenue expectations by $10 million.
Gross profit increased by 7.8% to $316.7 million. Net income and diluted earnings per share for the third quarter of fiscal 2018 were $133.8 million and $2.53, respectively. Both figures were higher than in the prior-year third quarter of $111.3 million and $2.11, respectively.
Disclosure: The author holds no position in any stocks mentioned.
