Apple's China Syndrome, Facebook's New Independence: Tech Weekly
Splunk exceeded Wall Street estimates and provided a bullish forecast.
The software company generated $52.05 million in third-quarter revenue, up 67% from a year earlier. License revenue increased 56% to $34.5 million. On a non-GAAP basis, Splunk lost 1 cent per share. Analysts polled by Thomson Reuters were looking for a loss of 2 cents per share on $46.67 million in revenue.
Fourth-quarter revenue guidance was above Wall Street estimates. The company expects sales of $58 million to $60 million, with non-GAAP operating margins between 3% and 4%. Wall Street analysts expect $58.07 million in revenue.
Shares of Workday ended the week 1% lower at $50.20, while Splunk tacked on 4.0% to finish at $30.20.
Next week is light on the earnings front. As the year winds down, I'll be looking back at some of my predictions for 2012, making some new ones for 2013 and writing some interesting columns and pieces. Enjoy the weekend, everyone. Interested in more on Apple? See TheStreet Ratings' report card for this stock. -- Written by Chris Ciaccia in New York. >Contact by Email. Follow @Commodity_Bull
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