Shares of computer software company Nutanix, Inc. (NTNX) were up 14% on Thursday as it reported a narrower loss and higher revenue for the third quarter. The company raised its outlook for the full year 2023.
NTNX is currently trading at $28.98, up 14.05% or $3.57 per share, on Nasdaq. It has traded between $13.44 and $33.73 in the past 52-week period.
Net loss for the third quarter was $81.1 million or $0.35 per share, compared to the loss of $111.9 million or $0.50 per share the prior year.
Adjusted income came in at $11.5 million or $0.04 per share, compared to the loss of $10.6 million or $0.05 per share the previous year.
The company's revenue increased to $448.6 million from the previous year's $403.6 million.
The company expects fourth-quarter revenues in the range of $470 million - $480 million. For the full-year 2023, the company raised guidance for revenues to $1.84 billion - $1.85 billion versus the previous guidance of $1.80 billion - $1.81 billion.
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