Infoblox Results Surpass Estimates, Q4 Outlook Strong; Stock Up 3%

(RTTNews) - Infoblox Inc (BLOX), a provider of automated network control solutions, on Thursday reported third-quarter net loss of $5.1 million or $0.09 per share compared with a loss of $7.4 million or $0.14 per share last year.

Excluding items, adjusted earnings for the quarter were $0.12 per share compared with earnings of $0.07 per share a year ago.

Revenues for the quarter were up 28% at $78.1 million compared with $61 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.07 per share on revenues of $75.3 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects adjusted earnings of $0.09 to $0.10 per share on revenues of $79 million to $81 million. Analysts expect earnings of $0.09 per share on revenues of $78.4 million.