Upland Software: 2Q Earnings Snapshot
AUSTIN, Texas (AP) _ Upland Software Inc. (UPLD) on Wednesday reported a loss of $5.4 million in its second quarter.
The Austin, Texas-based company said it had a loss of 24 cents per share. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The maker of cloud-based enterprise work-management software posted revenue of $53 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $51.4 million.
For the current quarter ending in October, Upland Software said it expects revenue in the range of $53.5 million to $55.5 million.
The company expects full-year revenue in the range of $209.9 million to $213.9 million.
Upland Software shares have risen 57% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $42.80, a climb of 27% in the last 12 months.