SANTA BARBARA, Calif. (AP) _ AppFolio Inc. (APPF) on Thursday reported a loss of $4.2 million in its third quarter.
On a per-share basis, the Santa Barbara, California-based company said it had a loss of 12 cents. Earnings, adjusted for one-time gains and costs, came to 11 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The property management software maker posted revenue of $125.1 million in the period.
AppFolio expects full-year revenue in the range of $462 million to $466 million.
AppFolio shares have decreased 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $106.32, a drop of 18% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APPF at https://www.zacks.com/ap/APPF
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