Nutanix reported adjusted EPS of $0.47 for Q3, surpassing the $0.35 consensus estimate.
Nutanix (NTNX) shares climbed 3% in early post-market trading after the company exceeded third-quarter earnings expectations. The hybrid multicloud computing firm posted adjusted earnings per share of $0.47, above the $0.35 estimate from analysts.
The results reflect performance for the quarter ended April 30, marking a stronger-than-anticipated outcome. Prior quarters had shown mixed earnings, with estimates often hovering near $0.30-$0.35 per share.
Investors responded positively to the earnings beat, driving the modest gain in after-hours trading.