Nutanix stock falls as early results top expectations

Nutanix Inc.

shares rose then fell in the extended session Monday after the hyperconverged-infrastructure company topped expectations with preliminary results. Nutanix shares rose as much as 6% after hours, then fell 3%, following a 0.5% rise in the regular session to close at $28.77. The company said that preliminary second-quarter revenue rose to $486.5 million from $413.1 million in the year-ago quarter, and annual contract value, or ACV, billings rose to $267.6 million from $217.

shares rose then fell in the extended session Monday after the hyperconverged-infrastructure company topped expectations with preliminary results. Nutanix shares rose as much as 6% after hours, then fell 3%, following a 0.5% rise in the regular session to close at $28.77. The company said that preliminary second-quarter revenue rose to $486.5 million from $413.1 million in the year-ago quarter, and annual contract value, or ACV, billings rose to $267.6 million from $217.

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