Pivotal stock plunges after revenue miss, weak guidance

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Pivotal stock plunges after revenue miss, weak guidance
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Pivotal Software Inc. shares dove more than 8% in the extended session Thursday after the company beat consensus estimates for its losses but issued...

Pivotal Software Inc. PVTL, +0.31% shares dove more than 8% in the extended session Thursday after the company beat consensus estimates for its losses but issued weaker-than-expected guidance. The company reported fiscal fourth-quarter losses of $38.9 million, or 15 cents a share, compared with losses of $37.2 million, or 54 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, losses were 7 cents a share. Revenue rose to $169.2 million from $133.

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