Rubrik Shares Jump Over 20% After Massive Q3 Beat and Higher Full-Year Guidance
Rubrik Inc. (NYSE: RBRK) surged more than 20% intra-day on Friday after posting quarterly results that far exceeded expectations and raising its full-year outlook, buoyed by accelerating subscription growth and improving profitability. For its fiscal third quarter ended October 31, Rubrik reported adjusted earnings of 0.27. Revenue rose 48% year over year to $350.2 million, also topping estimates, driven by strong demand for the company’s subscription-based c ...