NEW YORK (AP) — NEW YORK (AP) — Zeta Global Holdings Corp. (ZETA) on Thursday reported a loss of $57 million in its first quarter.
The New York-based company said it had a loss of 38 cents per share. Losses, adjusted for stock option expense, came to 4 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The cloud-based marketing technology company posted revenue of $157.6 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $150.5 million.
For the current quarter ending in June, Zeta said it expects revenue in the range of $160 million to $164 million.
The company expects full-year revenue in the range of $696 million to $706 million.
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