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Benzinga

Business

Adam Eckert

Why Nutanix Stock Is Sinking Today

Nutanix Inc (NASDAQ:NTNX) shares are trading significantly lower Thursday after the company reported financial results and issued guidance below analyst estimates.

Nutanix reported fiscal third-quarter revenue of $403.66 million, which beat the estimate of $397.87 million, according to data from Benzinga Pro. The company reported a quarterly adjusted loss of 5 cents per share, which beat the estimate for a loss of 22 cents per share.

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