SAN JOSE, Calif. (AP) _ Nutanix Inc. (NTNX) on Wednesday reported a loss of $123.6 million in its fiscal third quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 60 cents. Losses, adjusted for one-time gains and costs, came to 41 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
The enterprise cloud platform services provider posted revenue of $344.5 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $336.6 million.
Nutanix shares have decreased roughly 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.60, an increase of 29% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTNX at https://www.zacks.com/ap/NTNX
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