AMERICAN FORK, Utah (AP) — AMERICAN FORK, Utah (AP) — Domo, Inc. (DOMO) on Thursday reported a loss of $19.5 million in its fiscal second quarter.
The American Fork, Utah-based company said it had a loss of 51 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.
The company posted revenue of $78.4 million in the period.
For the current quarter ending in October, Domo expects its results to range from a loss of 18 cents per share to a loss of 14 cents per share.
The company said it expects revenue in the range of $77 million to $78 million for the fiscal third quarter.
Domo expects full-year results to range from a loss of 77 cents per share to a loss of 69 cents per share, with revenue ranging from $313 million to $315 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 DOMO at https://www.zacks.com/ap/DOMO
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