Earnings Breakthrough: Nutanix and Dell Surpass Estimates
- September 01st, 2023
- 416 views
Nutanix, Inc. (Nasdaq: NTNX) exceeded expectations in its fourth-quarter fiscal 2023 results, reporting adjusted earnings of $0.24 per share, outperforming the consensus EPS estimate of $0.16. The company's quarterly sales amounted to $494.21 million, beating analysts' projected revenue of $475.16 million.
Looking ahead, Nutanix is forecasting full-year fiscal 202 revenue in the range of $2.085 billion to $2.115 billion, which compares favorably to the consensus estimate of $2.08 billion in revenue for the period.
$NTNX was trading at $36.74 in pre-market, reflecting a significant increase of $5.64 (+18.14%).
On another front, Dell Technologies Inc. (NYSE: DELL) also delivered a strong performance in its second-quarter fiscal 2024 results, reporting earnings of $1.74 per share, surpassing the consensus EPS estimate of $1.14. The company's quarterly revenues reached $22.93 billion, exceeding analysts' expected revenue of $20.85 billion.
In pre-market, $DELL was trading at $61.94, up $5.70 (+10.14%).
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