MOUNTAIN VIEW, Calif. (AP) _ Elastic NV (ESTC) on Wednesday reported a loss of $43.3 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 8 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The software developer posted revenue of $177.6 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $158.7 million.
For the year, the company reported that its loss narrowed to $129.4 million, or $1.48 per share. Revenue was reported as $608.5 million.
For the current quarter ending in August, Elastic expects its results to range from a loss of 13 cents per share to a loss of 10 cents per share.
The company said it expects revenue in the range of $171 million to $173 million for the fiscal first quarter.
Elastic expects full-year results to range from a loss of 60 cents per share to a loss of 51 cents per share, with revenue ranging from $782 million to $788 million.
Elastic shares have dropped 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $118.02, a climb of 33% in the last 12 months.
The Associated Press