Why Hortonworks, Inc. Shares Popped This Morning
What: Shares of Hortonworks popped this morning, up by 8% as of 12:09 p.m. ET, after the company reported better-than-expected earnings in the fourth quarter.
So what: Revenue in the quarter added up to $37.4 million, nearly tripling year over year. Gross billing also grew to $52.1 million. Non-GAAP net loss was $32.7 million, or $0.72 per share. Those top- and bottom-line results bested analyst expectations, which called for $36.1 million in revenue and a larger adjusted net loss of $0.80 per share.
Now what: CEO Rob Bearden noted that the company doubled its customer base in 2015, and now has over 800 customers. Guidance for the first quarter calls for revenue of around $39.5 million and gross billings of $49.5 million. Full-year 2016 sales should be $188 million with gross billings of $261 million. Adjusted EBITDA for the year is expected to be negative $55 million.
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The article Why Hortonworks, Inc. Shares Popped This Morning originally appeared on Fool.com.
Evan Niu, CFA has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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