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Nutanix rallies after topping Street estimates

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Nutanix Inc.
NTNX,
+0.27%

shares surged in the extended session Thursday after the cloud-software company reported a narrower-than-expected loss, topped revenue expectations, announced a large private equity investment, and said its chief executive was retiring.

Nutanix shares surged 16% after hours, following a 0.3% rise in the regular session to close at $21.70.

The company reported a fiscal fourth-quarter loss of $185.3 million, or 93 cents a share, compared with a loss of $194.3 million, or $1.04 a share, in the year-ago period. The adjusted loss, which excluded stock-based compensation and other items, was 39 cents a share, compared…



Source marketwatch.com

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