Nimble Loss Narrower Than Estimates

(RTTNews) - Nimble Storage Inc (NMBL), a provider of flash storage solutions, on Tuesday reported first-quarter net loss of $29 million or $0.38 per share compared with a loss of $19.6 million or $0.28 per share last year.

Excluding items, adjusted loss for the quarter was $0.10 per share compared with a loss of $0.14 per share a year ago.

Revenues for the quarter were $71.3 million compared with $46.5 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.13 per share on revenues of $69.8 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, the company expects adjusted loss of $0.12 to $0.11 per share on revenues of $77 million to $79 million. Analysts expect a loss of $0.12 per share on revenues of $77.1 million.