AP NEWS

Bandwidth: 4Q Earnings Snapshot

February 13, 2019

RALEIGH, N.C. (AP) _ Bandwidth Inc. (BAND) on Wednesday reported a loss of $1.3 million in its fourth quarter.

The Raleigh, North Carolina-based company said it had a loss of 7 cents per share. Losses, adjusted for one-time gains and costs, were 4 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.

The enterprise software developer posted revenue of $52.3 million in the period.

For the year, the company reported profit of $17.9 million, or 85 cents per share. Revenue was reported as $204.1 million.

For the current quarter ending in April, Bandwidth expects its results to range from a loss of 30 cents per share to a loss of 27 cents per share.

The company said it expects revenue in the range of $51 million to $51.5 million for the fiscal first quarter.

Bandwidth expects full-year results to range from a loss of 74 cents per share to a loss of 64 cents per share, with revenue ranging from $231.5 million to $233.5 million.

Bandwidth shares have climbed 19 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48.54, more than doubling 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 BAND at https://www.zacks.com/ap/BAND

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