AP NEWS

Elastic: Fiscal 4Q Earnings Snapshot

June 5, 2019

MOUNTAIN VIEW, Calif. (AP) _ Elastic NV (ESTC) on Wednesday reported a loss of $34.8 million in its fiscal fourth quarter.

On a per-share basis, the Mountain View, California-based company said it had a loss of 48 cents. Losses, adjusted for one-time gains and costs, were 28 cents per share.

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

The software developer posted revenue of $80.6 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $75.5 million.

For the current quarter ending in August, Elastic expects its results to range from a loss of 44 cents per share to a loss of 42 cents per share.

The company said it expects revenue in the range of $82 million to $84 million for the fiscal first quarter.

Elastic expects full-year results to range from a loss of $1.49 per share to a loss of $1.33 per share, with revenue ranging from $397 million to $403 million.

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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 ESTC at https://www.zacks.com/ap/ESTC

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