Netskope Fiscal Q3 Adjusted Loss Narrows, Revenue Rises; Shares Fall After Hours

MT Newswires Live12-12

Netskope (NTSK) reported a fiscal Q3 adjusted net loss late Thursday of $0.10 per diluted share, narrowing from the loss of $0.37 a year earlier.

Analysts polled by FactSet expected a loss of $0.25.

Revenue in the three months ended Oct. 31 rose to $184.2 million from $138.5 million a year earlier.

Analysts polled by FactSet expected $175.8 million.

The company expects a Q4 adjusted loss of $0.05 to $0.07 a share on revenue of $188 million to $190 million.

Analysts project a loss of $0.14 on revenue of $185.5 million.

The company expects a full-year adjusted loss of $0.51 to $0.53 a share on revenue of $701 million to $703 million.

Analysts project a loss of $1.20 on revenue of $689.8 million.

Netskope shares fell 4.3% in after-hours trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment