Cloudera Inc. CLDR, -5.85% late Wednesday reported a narrower-than-expected fiscal 2019 third-quarter loss and sales that beat Wall Street expectations. Cloudera said it lost $27 million, or 17 cents a share, in the quarter, compared with a loss of $55 million, or 40 cents a share, in the year-ago period. Adjusted for one-time items, Cloudera lost 3 cents a share, compared with 17 cents a share a year ago. Revenue rose 25% to $118.2 million, compared with $95 million a year ago. Analysts polled by FactSet had expected Cloudera to report an adjusted loss of 11 cents a share on sales of $114 million. Cloudera in October announced a merger with Hortonworks Inc. HDP, -5.72% and said Wednesday the pre-closing integration was “going well.” For fiscal 2019, the company said it expects revenue in a range between $450 million and $453 million, and an adjusted per-share net loss between 40 cents 38 cents.
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