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Pivotal Software Inc.
PVTL, + 2.86%
stocks fell in the extended session on Wednesday even after the quarterly results and cloud software company's outlook surpassed Wall Street's estimates. Pivotal stocks fell 15% after hours, after a 2.9% gain to close the regular session at $ 28.78. The company recorded a loss of $ 35.6 million, or 14 cents per share, in the second quarter, compared to a loss of $ 35.4 million, or 52 cents per share, in the same period a year latest. The adjusted loss was 6 cents per share. Revenues reached $ 164.4 million compared to $ 126 million last year. Analysts surveyed by FactSet have estimated a loss of 9 cents per share on revenues of $ 158.1 million. For the third quarter, Pivotal estimates a loss of 9 to 8 cents per share on a turnover of 163 to 165 million dollars. Analysts expect a loss of 9 cents per share on revenue of $ 162.9 million.
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