Workiva: 2Q Earnings Snapshot

August 7, 2018

AMES, Iowa (AP) _ Workiva Inc. (WK) on Tuesday reported a loss of $21.8 million in its second quarter.

On a per-share basis, the Ames, Iowa-based company said it had a loss of 50 cents. Losses, adjusted for non-recurring costs and stock option expense, were 12 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.

The maker of software for managing regulatory filings posted revenue of $59.1 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $56.1 million.

For the current quarter ending in October, Workiva expects its results to range from a loss of 22 cents per share to a loss of 21 cents per share.

The company said it expects revenue in the range of $59.5 million to $60 million for the fiscal third quarter.

Workiva expects full-year results to range from a loss of 55 cents per share to a loss of 53 cents per share, with revenue ranging from $240 million to $241 million.

Workiva shares have risen 19 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $25.50, a climb of 31 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 WK at https://www.zacks.com/ap/WK

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