Pegasystems: Q3 Earnings Snapshot

CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Pegasystems Inc. (PEGA) on Wednesday reported a loss of $14.4 million in its third quarter.

On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 17 cents. Earnings, adjusted for one-time gains and costs, were 39 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The business software company posted revenue of $325.1 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $328.8 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEGA at https://www.zacks.com/ap/PEGA

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up