Rubrik Stock Plummets Despite Strong Q2 Earnings Beat
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BTCCSquare news:
Rubrik's shares tumbled 18% in Wednesday's trading session despite posting better-than-expected Q2 results. The data-security company reported an adjusted loss of $0.03 per share on $309.86 million in revenue—surpassing analyst estimates by $0.31 and $27.6 million, respectively. Year-over-year sales grew 51%, with margins exceeding projections.
Investors reacted negatively to the company's forward guidance, which projected Q3 revenue between $319-$321 million and an adjusted loss of $0.16-$0.18 per share. Full-year estimates anticipate $1.227-$1.237 billion in sales with losses narrowing to $0.44-$0.50 per share. Market sentiment suggests these targets failed to meet elevated expectations for the high-growth stock.
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