SAN MATEO, Calif. (AP) — SAN MATEO, Calif. (AP) — Model N Inc. (MODN) on Tuesday reported a loss of $33.3 million in its fiscal second quarter.
The San Mateo, California-based company said it had a loss of 88 cents per share. Earnings, adjusted to extinguish debt and for stock option expense, came to 22 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The provider of revenue management services to the life science and technology industries posted revenue of $62.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $59.4 million.
For the current quarter ending in June, Model N expects its per-share earnings to range from 23 cents to 25 cents.
The company said it expects revenue in the range of $61.5 million to $62.5 million for the fiscal third quarter.
Model N expects full-year earnings in the range of 94 cents to 99 cents per share, with revenue ranging from $244 million to $246 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 MODN at https://www.zacks.com/ap/MODN
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