Shares of Hortonworks Inc. HDP, -7.20% soared in Thursday’s extended session after the distributor of Hadoop software issued a income outlook in advance of Wall boulevard’s estimates. Hortonworks said its third-quarter loss widened to $ sixty four.7 million, or $ 1.10 a share, from a loss of $ 45.3 million, or $ 1.03 a share, a yr previous. On an adjusted foundation, the company would have misplaced 68 cents a share. earnings rose 47% to $ 47.5 million. Analysts surveyed through FactSet had forecast a lack of sixty six cents a share on revenue of $ 45.1 million. the company forecast revenue of $ forty eight million within the fourth quarter and $ a hundred and eighty.5 million for 2016, slighty ahead of analysts’ estimate of $ 47.7 million and $ 177.7 million, respectively. Shares jumped 14% after hours.
Hortonworks surges on strong revenue outlook