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Zendesk: 2Q Earnings Snapshot

July 30, 2019

SAN FRANCISCO (AP) _ Zendesk Inc. (ZEN) on Tuesday reported a loss of $54.5 million in its second quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 50 cents. Earnings, adjusted for one-time gains and costs, were 5 cents per share.

The results matched Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.

The customer-service software maker posted revenue of $194.6 million in the period, exceeding Street forecasts. Eight analysts surveyed by Zacks expected $192.8 million.

Zendesk shares have increased 60% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $93.26, a climb of 68% 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 ZEN at https://www.zacks.com/ap/ZEN

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