NEW YORK (AP) — NEW YORK (AP) — Zeta Global Holdings Corp. (ZETA) on Monday reported a loss of $39.6 million in its first quarter.
The New York-based company said it had a loss of 23 cents per share. Earnings, adjusted for stock option expense, came to 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The cloud-based marketing technology company posted revenue of $194.9 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $187.1 million.
For the current quarter ending in June, Zeta said it expects revenue in the range of $210 million to $214 million.
The company expects full-year revenue in the range of $895 million to $905 million.
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