Shares of Nutanix Inc. (NTNX, Financial) jumped almost 8% after the company posted first-quarter loss of 13 cents per share, on revenue of $313.28 million, reflecting 13.7% year-over-year growth. The company beat earnings estimates by 14 cents and revenue expectations by $8.07 million.
Billings were $383.6 million, higher than $315.3 million registered in the first quarter of the prior year, due to the shift from hardware revenue to software revenue.
Software and Support Revenue reached $280.7 million, a 44% year-over-year increase from $194.7 million in the first quarter of fiscal 2018. Software and Support Billings were $351.0 million, 50% higher than $234.5 million
The gross margin was 76.3%, up from 60.6%, and the non-GAAP gross margin was 78.6%, up from 61.9% in the comparable period of the past year.
Looking ahead the second quarter of fiscal 2019, the company expects revenue in the range of $325 million and $335 million, billings between $410 million and $420 million, non-GAAP gross margin to be between 78% and 79%, and a non-GAAP loss per share of 25 cents.
Shares of Weibo Corporation (WB, Financial) gained also about 8% on Wednesday after announcing third-quarter results. The company posted earnings of 75 cents per share and $460.17 million in revenues, a 43.8% year-over-year growth. The company beat earnings estimates by 5 cents and revenue expectations by $1.85 million.
The adjusted Ebitda reached $192.8 million, an increase of 42% year-over-year, or 42% of net revenues, compared to 42% for the same trimester of the last year.
Looking ahead for the fourth quarter of 2018, the company estimates net revenues in the range of $480 million and $490 million.
Shares of Tiffany & Co. (TIF, Financial) fell almost 10% after reporting third quarter earnings per share of 77 cents on revenue of $1.1 billion, a 3.5% year-over-year growth. The company beat earnings estimates by 1 cent, but fell short of revenue expectations by $40 million.
In the Americas, total net sales increased 5% to $442 million in the third quarter. In Asia-Pacific, total net sales rose 4% to $294 million due to the performance in China. In Japan, total net sales rose 2% to $142 million and in Europe, total net sales were $114 million.
The company’s guidance for fiscal 2018 included net earnings between $4.65 and $4.80 per diluted share.
Disclosure:The author holds no position in any stocks mentioned.
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