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New Relic: Fiscal 2Q Earnings Snapshot

November 6, 2018

SAN FRANCISCO (AP) _ New Relic Inc. (NEWR) on Tuesday reported a loss of $8.3 million in its fiscal second quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 15 cents. Earnings, adjusted for one-time gains and costs, came to 13 cents per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The cloud-based software analytics company posted revenue of $114.9 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $112.2 million.

For the current quarter ending in January, New Relic expects its per-share earnings to range from 12 cents to 13 cents.

The company said it expects revenue in the range of $118.5 million to $120.5 million for the fiscal third quarter.

New Relic expects full-year earnings in the range of 42 cents to 48 cents per share, with revenue ranging from $466.5 million to $469.5 million.

New Relic shares have increased 49 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $86.07, a rise of 66 percent 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 NEWR at https://www.zacks.com/ap/NEWR

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