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Pegasystems: 2Q Earnings Snapshot

August 8, 2018

CAMBRIDGE, Mass. (AP) _ Pegasystems Inc. (PEGA) on Wednesday reported a second-quarter loss of $10.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 13 cents. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a per-share basis.

The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The business software company posted revenue of $196.8 million in the period.

Pegasystems shares have risen 23 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $58.10, increasing slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEGA at https://www.zacks.com/ap/PEGA

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