Splunk Reports Worst Loss on Record

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Splunk Reports Worst Loss on Record
Credit: © Reuters.

By Christiana Sciaudone

Investing.com --  Splunk (NASDAQ: SPLK ) dropped 9% after reporting a greater-than-expected loss that was the company's worst on record.

The software maker reported a loss per share of 91 cents, missing the estimated loss of 70 cents. Sales of $502 million were better than the predicted $492 million, according to data compiled by Investing.com.

The company forecast revenue between $550 million and $570 million for the fiscal second quarter ending July 31, with an operating margin expected at about negative 25%.

Shares have fallen by 50% since hitting a record last year. 

 

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