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Zendesk: 2Q Earnings Snapshot

July 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.


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

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