BOISE, Idaho (AP) — BOISE, Idaho (AP) — Clearwater Analytics Holdings Inc. (CWAN) on Wednesday reported first-quarter earnings of $1.9 million.
The Boise, Idaho-based company said it had net income of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The automated investment accounting software developer posted revenue of $102.7 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $100.6 million.
For the current quarter ending in June, Clearwater Analytics said it expects revenue in the range of $105 million to $106 million.
The company expects full-year revenue in the range of $438 million to $442 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 CWAN at https://www.zacks.com/ap/CWAN
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