04:32 PM EDT, 05/29/2024 (MT Newswires) -- Nutanix ( NTNX ) reported fiscal Q3 non-GAAP earnings late Wednesday of $0.28 per diluted share, up from $0.08 a year ago.

Analysts polled by Capital IQ expected $0.17.

Revenue for the quarter ended April 30 was $524.6 million, up from $448.6 million a year earlier.

Analysts surveyed by Capital IQ expected $516.7 million

The company said it expects Q4 revenue between $530 million and $540 million.

Analysts polled by Capital IQ expect $548.1 million.

The firm expects fiscal 2024 revenue between $2.13 billion and $2.14 billion, against $2.12 billion and $2.15 billion previously.

Analysts surveyed by Capital IQ expect $2.14 billion.

The company's shares were falling past 10% in recent after-hours activity.

Price: 65.49, Change: -7.80, Percent Change: -10.64