Investing.com - Nutanix reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nutanix announced earnings per share of $-0.17 on revenue of $385.54M. Analysts polled by Investing.com anticipated EPS of $-0.3799 on revenue of $355.3M (NYSE:MMM).
Nutanix shares are down 48% from the beginning of the year and are trading at $17.30 , down-from-52-week-high.They are under-performing the Nasdaq which is down 24.47% from the start of the year.
Nutanix follows other major Information Technology sector earnings this month
Nutanix's report follows an earnings beat by NVIDIA on August 24, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Cisco had beat expectations on August 17 with fourth quarter EPS of $0.83 on revenue of $13.1B, compared to forecast for EPS of $0.8162 on revenue of $12.73B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar