Infoblox Inc. (BLOX: Quote) reported a third-quarter net loss of $1.0 million or $0.07 per share, narrower than $3.1 million or $0.31 per share in the year-ago quarter.
On a non-GAAP basis, net income for the third quarter was $2.2 million or $0.05 per share, compared to a net loss of $1.0 million or $0.03 per share in the comparable quarter last year. On average, six analysts polled by Thomson Reuters expected the company to earn $0.01 per share. Analysts' estimates typically excludes special items.
Total net revenue for the quarter rose 37% to $43.42 million from $31.79 million last year, while four analysts expected revenue of $41.44 million for the quarter.
Looking ahead to the fourth quarter, the company expects non-GAAP earnings in the range of $0.00 to $0.01 per share and total net revenue in the range of $42.5 million to $44.0 million. Analysts currently expect earnings of $0.00 per share and revenue of $42.06 million for the fourth quarter.
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by RTT Staff Writer
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