Rubrik Shares Slip Despite Beating Q1 Estimates, Raised Guidance

Rubrik reported Q1 earnings of 16 cents per share, beating analyst expectations of a 3-cent loss, with revenue of $387.07 million exceeding the $366.3 million estimate. The company raised its fiscal 2027 guidance for both EPS (25-35 cents vs. 17 cent estimate) and revenue ($1.638-1.648 billion vs. $1.61 billion estimate). Despite the strong results, RBRK stock fell 1.30% in after-hours trading.