Why Splunk Stock Dropped Today
Shares of Splunk (NASDAQ: SPLK) were down 8.4% as of 3:15 p.m. EDT Thursday despite another exceptional quarterly report from the operational-intelligence platform leader.
Splunk said late Wednesday that its fiscal second-quarter revenue soared 33% year over year to $516.6 million, translating to adjusted earnings of $46.6 million, or $0.30 per share. By comparison, Splunk's guidance called for lower revenue of $485 million, and most analysts were looking for significantly lower earnings of $0.12 per share.
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Source Fool.com
