CHICAGO (AP) _ Envestnet Inc. (ENV) on Thursday reported a first-quarter loss of $13.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Chicago-based company said it had a loss of 25 cents. Earnings, adjusted for one-time gains and costs, came to 47 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The financial services firm posted revenue of $321.4 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $322.5 million.

For the current quarter ending in July, Envestnet expects its per-share earnings to range from 45 cents to 46 cents.

The company said it expects revenue in the range of $324 million to $326 million for the fiscal second quarter.

Envestnet expects full-year earnings in the range of $2.17 to $2.23 per share, with revenue ranging from $1.33 billion to $1.34 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ENV at https://www.zacks.com/ap/ENV

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