SAN MATEO, Calif. (AP) — SAN MATEO, Calif. (AP) — Model N Inc. (MODN) on Tuesday reported a loss of $4.1 million in its fiscal first quarter.
The San Mateo, California-based company said it had a loss of 11 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 23 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The provider of revenue management services to the life science and technology industries posted revenue of $59.2 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $57.5 million.
For the current quarter ending in March, Model N expects its per-share earnings to range from 15 cents to 18 cents.
The company said it expects revenue in the range of $59 million to $60 million for the fiscal second quarter.
Model N expects full-year earnings in the range of 90 cents to 97 cents per share, with revenue ranging from $242 million to $245 million.
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