Splunk Q3 Loss Widens; Lifts FY14 Revenue Outlook - Quick Facts

(RTTNews) - Splunk Inc. (SPLK) posted third-quarter net loss of $16.6 million, or $0.16 per share, wider than $5.5 million or $0.06 per share in year-ago period.

Excluding items, non-GAAP net income was $398 thousand or $0.00 per share, compared to net loss of $789 thousand or $0.01 per share in the comparable quarter last year. On average, 23 analysts polled by Thomson Reuters expected the company to lose $0.01 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose 51 percent to $78.63 million from $52.05 million in the comparable quarter last year, while twenty one analysts had a consensus revenue estimate of $71.09 million for the quarter.

Looking forward to the fourth quarter, the company expects total revenues to be between $88 million and $90 million. Analysts currently expect fourth quarter revenues of $86.12 million.

For fiscal 2014, the company is updating its previous guidance and expects revenue to be between $291 million and $293 million. Previously, the company expected revenue to be between $275 million and $281 million.

Analysts currently expect revenues of $281.43 million for the fiscal year 2014.