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Stock impact report

Why Pivotal Software Stock Plunged Today [The Motley Fool]

PIVOTAL SOFTWARE INC (PVTL) 
Last pivotal software inc earnings: 9/4 04:11 pm Check Earnings Report
Company Research Source: The Motley Fool
Shares of the cloud-native platform leader fell even after a strong quarter. Here's what investors need to know. Steve Symington ( TMFSymington ) Sep 13, 2018 at 8:24PM What happened Shares of Pivotal Software ( NYSE:PVTL ) dropped 19.9% on Thursday despite solid second-quarter 2018 results from the cloud-native platform provider. On the former, Pivotal's quarterly revenue jumped 30% year over year to $164.4 million, which translated to an adjusted (non- GAAP ) net loss of $14.8 million, or $0.06 per share, narrowed from a $0.13-per-share loss in the same year-ago period. Analysts, on average, were looking for a wider net loss of $0.09 per share on lower revenue of $158.2 million. IMAGE SOURCE: GETTY IMAGES. So what Pivotal Software's top-line growth was primarily driven by a 51% increase in subscription revenue, to $97.5 million, whil Show less Read more
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