Zendesk: 2Q Earnings Snapshot
Jul. 31, 2018
SAN FRANCISCO (AP) _ Zendesk Inc. (ZEN) on Tuesday reported a loss of $34.4 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 33 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 3 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The customer-service software maker posted revenue of $141.9 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $138 million.
For the current quarter ending in October, Zendesk said it expects revenue in the range of $150 million to $152 million.
The company expects full-year revenue in the range of $582 million to $586 million.
Zendesk shares have climbed 61 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $54.47, a rise of 86 percent in the last 12 months.