MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Confluent Inc. (CFLT) on Wednesday reported a loss of $74.1 million in its third quarter.
On a per-share basis, the Mountain View, California-based company said it had a loss of 23 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The data infrastructure software maker posted revenue of $250.2 million in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $244 million.
For the current quarter ending in December, Confluent expects its per-share earnings to be 5 cents.
The company expects full-year earnings to be 25 cents per share.
Confluent shares have decreased slightly more than 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.07, a fall of 16% in the last 12 months.
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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 CFLT at https://www.zacks.com/ap/CFLT
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