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Stock Alert: Splunk Rises 8% On Better Than Estimated Earnings

(RTTNews) - Shares of Splunk Inc. (SPLK) are climbing more than 8% Friday morning to hit a new high of $177.49, currently trading lower at $176.72.

Splunk makes software for searching, monitoring, and analyzing machine-generated big data via a Web-style interface.

When the company reported first-quarter results yesterday, adjusted loss per share of $0.56 beat the consensus estimate of analysts polled by Thomson Reuters at $0.57 loss per share.

Revenue in the quarter increased 2% year-over-year at $434 million, missed estimates of $442.85 million.

The company has recently been added to Fortune 1000.
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