Rubrik stock rips 25% higher after blowing out earnings and boosting guidance

Rubrik shares soared 25% on Friday after the data management company posted blowout third-quarter numbers and boosted guidance.The stock, which debuted on the market in April 2024, headed for its second-best day on record. Revenue jumped 48% from a year earlier to $350 million, topping the $320 million average analyst estimate, according to LSEG. In its announcement late Thursday, Rubrik reported adjusted earnings of 10 cents per share, while analysts had expected a loss of 17 cents per share. The company b ...