Pivotal Software (PVTL) reported earnings on Tue 4 June 19 (a/h)

** charts after earnings **

 

Pivotal Software beats by $0.02, reports revs in-line; guides JulQ EPS in-line, revs below consensus; reaffirms FY20 EPS guidance, guides FY20 revs below consensus

• Reports Q1 (Apr) loss of $(0.03) per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of ($0.05); revenues rose 19.3% year/year to $185.72 mln vs the $184.12 mln S&P Capital IQ Consensus.
• Co issues guidance for Q2 (Jul), sees EPS of $(0.04)-(0.03), excluding non-recurring items, vs. ($0.03) S&P Capital IQ Consensus; sees Q2 revs of $185-189 mln vs. $197.5 mln S&P Capital IQ Consensus.
• Co issues guidance for FY20, reaffirms EPS of $(0.15)-(0.13), excluding non-recurring items, vs. ($0.14) S&P Capital IQ Consensus; sees FY20 revs of $756-767 mln vs. $802.53 mln S&P Capital IQ Consensus and vs prior guidance of $798-806 mln.