New Relic stock soars after earnings as forecast tops expectations

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Shares of New Relic Inc. were surging more than 14% in after-hours action Tuesday after the company topped expectations with its latest results and delivered...

Shares of New Relic Inc.

were surging more than 14% in after-hours action Tuesday after the company topped expectations with its latest results and delivered an upbeat forecast. The software company, which lets companies store and analyze data, generated a fiscal third-quarter net loss of $26.0 million, or 38 cents a share, compared with a loss of $62.7 million, or 96 cents a share, in the year-before quarter.

were surging more than 14% in after-hours action Tuesday after the company topped expectations with its latest results and delivered an upbeat forecast. The software company, which lets companies store and analyze data, generated a fiscal third-quarter net loss of $26.0 million, or 38 cents a share, compared with a loss of $62.7 million, or 96 cents a share, in the year-before quarter.

 

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