5 Earnings Reports Investors Must Read

In this article, we discuss the 5 earnings reports investors must read. If you want to read our detailed analysis of these companies, go directly to the 10 Earnings Reports Investors Must Read.

5. Nutanix, Inc. (NASDAQ: NTNX)

Number of Hedge Fund Holders: 29

Shares of Nutanix, Inc. (NASDAQ: NTNX) hit their highest since April 2019 after posting a narrower-than-expected loss for its fiscal fourth quarter. The cloud computing company reported an adjusted loss of 26 cents per share, compared to an adjusted loss of 39 cents per share in the year-ago quarter.

Analysts, on average, were expecting Nutanix, Inc. (NASDAQ: NTNX) to report a loss of 42 cents per share. Revenue came in at $390.7 million, higher than $327.9 million in the same period last year and above the consensus forecast of $362.9 million.

CEO Rajiv Ramaswami called the results “a strong end to an excellent fiscal year”. Ramaswami added:

“We have entered our fiscal 2022 with good momentum and a solid plan for growth, executing on the model we laid out at Investor Day and delivering on our vision of making clouds invisible.