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BRIEF-Public Storage prices inaugural public offering of senior notes
Public Storage(PSA). * Public Storage(PSA) prices inaugural public offering of senior notes.
Tintri plunges after first post-IPO earnings report
Tintri Inc. dropped more than 9% in late trading Thursday after the company's first earnings report since its initial public offering. The flash-storage company reported a second-quarter net loss of $51.7 million, or $2.05 a share, on revenue of $34.9 million, an improvement from losses of $7.53 a share a year ago on sales of $27.6 million. After adjusting for stock-based compensation, the company claimed a loss of 91 cents a share, up from a loss of $1.03 a share a year ago. Analysts on average expected adjusted losses of 98 cents a share on sales of $35.7 million, according to FactSet. After missing sales expectations, Tintri also disappointed with its forecast, guiding for third-quarter revenue of $36 million to $37 million as analysts were projecting revenue of $42.8 million on average. Tintri, which cut its targeted price and share count ahead of its IPO before pricing shares at the bottom of its range, fell close to $6 a share in late trading after closing with a 1.6% decline at $6.68.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.