GIVATAYIM, Israel (AP) — GIVATAYIM, Israel (AP) — Similarweb Ltd. (SMWB) on Tuesday reported a loss of $11.8 million in its second quarter.
On a per-share basis, the Givatayim, Israel-based company said it had a loss of 14 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The digital intelligence company posted revenue of $71 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $68.9 million.
For the current quarter ending in September, Similarweb said it expects revenue in the range of $71.5 million to $72 million.
The company expects full-year revenue in the range of $285 million to $288 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 SMWB at https://www.zacks.com/ap/SMWB
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