TEL AVIV-YAFO, Israel (AP) _ Monday.com Ltd. (MNDY) on Monday reported a loss of $23 million in its third quarter.

The Tel aviv-Yafo, Israel-based company said it had a loss of 51 cents per share. Earnings, adjusted for stock option expense, were 5 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share.

The project management software developer posted revenue of $136.9 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $130.6 million.

For the current quarter ending in December, Monday.com said it expects revenue in the range of $140 million to $142 million.

The company expects full-year revenue in the range of $509 million to $511 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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