GIVATAYIM, Israel (AP) — GIVATAYIM, Israel (AP) — Similarweb Ltd. (SMWB) on Tuesday reported a loss of $2.7 million in its first quarter.
The Givatayim, Israel-based company said it had a loss of 3 cents per share. Earnings, adjusted for stock option expense, were 1 cent per share.
The digital intelligence company posted revenue of $59 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $58.8 million.
For the current quarter ending in June, Similarweb said it expects revenue in the range of $60 million to $60.5 million.
The company expects full-year revenue in the range of $242 million to $246 million.
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