PALO ALTO, Calif. (AP) _ AppLovin Corp. (APP) on Wednesday reported a loss of $115.3 million in its first quarter.

The Palo Alto, California-based company said it had a loss of 31 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 18 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The mobile app technology company posted revenue of $625.4 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $827 million.

AppLovin expects full-year revenue in the range of $3.14 billion to $3.44 billion.

AppLovin shares have declined 71% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.28, a decrease of 49% 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 APP at https://www.zacks.com/ap/APP

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