PROVO, Utah (AP) _ Qualtrics International Inc. (XM) on Wednesday reported a loss of $286 million in its third quarter.
The Provo, Utah-based company said it had a loss of 56 cents per share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 1 cent per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The developer of application software posted revenue of $271.6 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $258.1 million.
For the current quarter ending in December, Qualtrics expects its results to range from a loss of 4 cents per share to a loss of 2 cents per share.
The company said it expects revenue in the range of $296 million to $298 million for the fiscal fourth quarter.
Qualtrics expects full-year earnings in the range of 2 cents to 4 cents per share, with revenue expected to be $1.06 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XM at https://www.zacks.com/ap/XM
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