AMERICAN FORK, Utah (AP) — AMERICAN FORK, Utah (AP) — Domo, Inc. (DOMO) on Thursday reported a loss of $18.8 million in its fiscal third quarter.
The American Fork, Utah-based company said it had a loss of 48 cents per share. Losses, adjusted for stock option expense and to extinguish debt, came to 8 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 15 cents per share.
The company posted revenue of $79.8 million in the period.
For the current quarter ending in January, Domo expects its results to range from a loss of 17 cents per share to a loss of 13 cents per share.
The company said it expects revenue in the range of $77.5 million to $78.5 million for the fiscal fourth quarter.
Domo expects full-year results to range from a loss of 64 cents per share to a loss of 60 cents per share, with revenue ranging from $315.5 million to $316.5 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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