SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Cloudflare, Inc. (NET) on Thursday reported a loss of $45.9 million in its fourth quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 14 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 6 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The web security and content delivery company posted revenue of $274.7 million in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $274.3 million.
For the year, the company reported that its loss narrowed to $193.4 million, or 59 cents per share. Revenue was reported as $975.2 million.
For the current quarter ending in March, Cloudflare expects its per-share earnings to range from 3 cents to 4 cents.
The company said it expects revenue in the range of $290 million to $291 million for the fiscal first quarter.
Cloudflare expects full-year earnings in the range of 15 cents to 16 cents per share, with revenue ranging from $1.33 billion to $1.34 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NET at https://www.zacks.com/ap/NET
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