Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of Cloudera’s (CLDR) Q3 2021 earnings report
Cloudera Inc. (NYSE: CLDR) turned to profit in the third quarter from a loss last year as strong demand growth lifted the enterprise data cloud company’s revenues. The results also topped the Street view.
The Palo Alto, California-based tech firm reported adjusted earnings of $0.15 per share for the October-quarter, compared to a loss of $0.03 per share in the same period of last year. The latest number exceeded the forecast. On an unadjusted basis, net loss was $13.95 million or $0.04 per share, which marked an improvement from last year’s loss of $82.12 million or $0.29 per share.
Read analysts/management’s comments on Cloudera’s Q3 earnings
At $217.9 million, revenues were up 10% from the third quarter of 2020. Market watchers had predicted slower growth.
Cloudera’s stock closed Thursday’s trading session higher and continued to gain in the after-hours, following the earnings release. The stock is currently trading at the levels seen at the beginning of the year.
Most Popular
Coca-Cola (KO) Q1 2021 earnings release
The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The
Earnings calendar for the week of April 19
The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500
Undeterred by crisis, Bank of America stays in expansion mode
Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage
