Rubrik Shares Dip After Q2 Results: Earnings Beat, Revenues Beat, Guidance Above Estimates
Portfolio Pulse from Erica Kollmann
Rubrik Inc. (NYSE:RBRK) reported better-than-expected Q2 results with earnings and revenue surpassing estimates. Despite this, shares dipped 4.05% after-hours. The company provided strong guidance for Q3 and the fiscal year, with expected losses and revenue above analyst estimates.
September 09, 2024 | 8:39 pm
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Rubrik reported better-than-expected Q2 earnings and revenue, with strong growth in subscription ARR. Despite positive results and strong guidance, shares fell 4.05% after-hours.
Rubrik's Q2 results exceeded expectations with a significant increase in subscription ARR and revenue. However, the after-hours share price drop suggests investor concerns, possibly due to the reported losses or market conditions. The strong guidance for Q3 and FY could stabilize or improve the stock price in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100