Rubrik Q1 Adj EPS $(1.58) Down From $(1.48) YoY, Sales $187.31M Up From $135.74M YoY
Portfolio Pulse from Benzinga Newsdesk
Rubrik (NYSE:RBRK) reported a significant increase in quarterly losses to $(11.48) per share, a 670.47% decrease from $(1.49) per share YoY. However, sales rose by 58.86% to $172.20 million from $108.40 million YoY.
June 11, 2024 | 8:06 pm
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Rubrik reported a significant increase in quarterly losses to $(11.48) per share, a 670.47% decrease from $(1.49) per share YoY. However, sales rose by 58.86% to $172.20 million from $108.40 million YoY.
The significant increase in losses is likely to negatively impact investor sentiment in the short term, despite the strong sales growth. The market may react more strongly to the substantial increase in losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100