What happened Shares of Splunk (NASDAQ: SPLK) surged on Friday after the data analytics company reported its third-quarter results. Splunk beat analyst estimates for both revenue and earnings, and it boosted its revenue guidance for the full year. The stock was up about 7.2% at 11:45 a.m. EST after being up as much as 10% earlier in the day. So what Splunk reported third-quarter revenue of 6.3 million, up 30.2% year over year and .1 million higher than the average analyst estimate. Software revenue was up 40% to 4 million. Image source: Getty Images. Non-GAAP (adjusted) earnings per share came in at $0.58.58, up from $0.38.38 in the prior-year period and $0.04.04 better than analysts were expecting. Splunk lost $0.38.38 per share on a GAAP basis, flat from the prior-year period. "Splunk continues to show the world how our Data-to-Everything Platform is uniquely positioned to bring data to every question, decision and action," said Splunk CEO Doug Merritt. Now what Splunk expects to generate about million of revenue in the fourth quarter, along with a non-GAAP operating margin of 23%. For the full year, Splunk now sees revenue of .35 billion, up from a previous outlook of .3 billion. The company kept its expectations for a 14% non-GAAP operating margin unchanged. Including Friday's rally, shares of Splunk are up about 30% since the beginning of the year. 10 stocks we like better than SplunkWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Splunk wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Timothy Green has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Splunk. The Motley Fool has a disclosure policy.Source