MOUNTAIN VIEW, Calif. (AP) _ Elastic NV (ESTC) on Thursday reported a loss of $56.7 million in its fiscal third quarter.
On a per-share basis, the Mountain View, California-based company said it had a loss of 61 cents. Losses, adjusted for one-time gains and costs, came to 12 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The software developer posted revenue of $223.9 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $208.7 million.
For the current quarter ending in April, Elastic expects its results to range from a loss of 24 cents per share to a loss of 20 cents per share.
The company said it expects revenue in the range of $230 million to $232 million for the fiscal fourth quarter.
Elastic expects full-year results to range from a loss of 42 cents per share to a loss of 38 cents per share, with revenue ranging from $853 million to $855 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESTC at https://www.zacks.com/ap/ESTC
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