Brief: Tintri Reports Q4 GAAP Loss Per Share $1.19

Tintri

05/03/2018 21:28

March 5 (Reuters) - Tintri Inc  TNTR.O :
    * TINTRI REPORTS FOURTH QUARTER AND FISCAL YEAR 2018
FINANCIAL
RESULTS
    * SEES Q1 2019 NON-GAAP LOSS PER SHARE $0.64 TO $0.68
    * SEES Q1 2019 REVENUE $20 MILLION TO $21 MILLION
    * Q4 GAAP LOSS PER SHARE $1.19
    * Q4 REVENUE $28.9 MILLION
    * Q4 NON-GAAP LOSS PER SHARE $0.72
    * Q4 EARNINGS PER SHARE VIEW $-0.80, REVENUE VIEW $26.3
MILLION --
THOMSON REUTERS I/B/E/S
    * ‍COMPANY HAS IMPLEMENTED A RESTRUCTURING AND REDUCTION IN
FORCE
PLAN OF APPROXIMATELY 20 PCT OF COMPANY'S GLOBAL WORKFORCE​
    * Q1 EARNINGS PER SHARE VIEW $-0.74, REVENUE VIEW $25.1
MILLION --
THOMSON REUTERS I/B/E/S
    * ‍COMPANY EXPECTS TO SUBSTANTIALLY COMPLETE RESTRUCTURING
IN ITS
Q1 OF FISCAL YEAR 2019, WHICH ENDS ON APRIL 30, 2018​
    * ‍ESTIMATES IT WILL INCUR ABOUT $4.8 MILLION TO $5.8
MILLION OF
CASH EXPENDITURES IN CONNECTION WITH RESTRUCTURING
    * ‍TOTAL RESTRUCTURING EXPENSES ARE ESTIMATED AT $6.2
MILLION TO
$7.2 MILLION
    * ‍COMPANY EXPECTS TO RECOGNIZE MOST OF THE CHARGES IN Q1 OF
FISCAL YEAR 2019​
    * ‍ITS CHAIRMAN AND CEO, KEN KLEIN, WILL TRANSITION FROM HIS
CEO
ROLE AFTER A SUCCESSOR IS FOUND​
    * ‍KLEIN EXPECTS TO CONTINUE TO SERVE AS CEO AND AS A BOARD
MEMBER
UNTIL NEW CEO IS APPOINTED AND AN ORDERLY TRANSITION HAS
OCCURRED​

Source text for Eikon:  ID:nBw9p3pMa 
Further company coverage:  TNTR.O 

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