SAN FRANCISCO (AP) _ Anaplan Inc. (PLAN) on Thursday reported a loss of $57.9 million in its fiscal first quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 39 cents. Losses, adjusted for stock option expense and costs related to mergers and acquisitions, came to 2 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The software developer posted revenue of $169.2 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $165.1 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLAN at https://www.zacks.com/ap/PLAN
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