New Relic: Fiscal 1Q Earnings Snapshot
SAN FRANCISCO (AP) _ New Relic Inc. (NEWR) on Tuesday reported a loss of $5.6 million in its fiscal first quarter.
The San Francisco-based company said it had a loss of 10 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 15 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The cloud-based software analytics company posted revenue of $108.2 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $106.1 million.
For the current quarter ending in October, New Relic expects its per-share earnings to range from 11 cents to 12 cents.
The company said it expects revenue in the range of $110.5 million to $112.5 million for the fiscal second quarter.
New Relic expects full-year earnings in the range of 39 cents to 46 cents per share, with revenue ranging from $457.5 million to $462.5 million.
New Relic shares have risen 80 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $103.77, more than doubling in the last 12 months.