Splunk stock rallies on earnings beat, acquisition

Splunk Inc.

shares rallied in the extended session Wednesday after the cybersecurity company topped Wall Street estimates for the quarter and announced a big acquisition. Splunk shares rose 6.2% after hours, following a 1.4% rise in the regular session to close at $128.46. The company reported a second-quarter loss of $100.9 million, or 67 cents a share, compared with a loss of $103.5 million, or 71 cents a share, in the year-ago period. Adjusted earnings were 30 cents a share. Revenue rose to $516.

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