BURLINGTON, Mass. (AP) _ Everbridge Inc. (EVBG) on Tuesday reported a loss of $36.2 million in its second quarter.
The Burlington, Massachusetts-based company said it had a loss of 91 cents per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The software developer posted revenue of $103 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $102 million.
For the current quarter ending in October, Everbridge expects its per-share earnings to range from 16 cents to 17 cents.
The company said it expects revenue in the range of $110.6 million to $111 million for the fiscal third quarter.
Everbridge expects full-year earnings in the range of 33 cents to 38 cents per share, with revenue ranging from $428.2 million to $432.8 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVBG at https://www.zacks.com/ap/EVBG
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News