TEL AVIV-YAFO, Israel (AP) _ Monday.com Ltd. (MNDY) on Wednesday reported a loss of $28.8 million in its third quarter.
On a per-share basis, the Tel aviv-Yafo, Israel-based company said it had a loss of 65 cents. Losses, adjusted for stock option expense, came to 26 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The project management software developer posted revenue of $83 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $74.6 million.
For the current quarter ending in December, Monday.com said it expects revenue in the range of $87 million to $88 million.
The company expects full-year revenue in the range of $300 million to $301 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MNDY at https://www.zacks.com/ap/MNDY
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