BOISE, Idaho (AP) — BOISE, Idaho (AP) — Clearwater Analytics Holdings Inc. (CWAN) on Wednesday reported a loss of $10.3 million in its third quarter.
On a per-share basis, the Boise, Idaho-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The automated investment accounting software developer posted revenue of $205.1 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $203.8 million.
For the current quarter ending in December, Clearwater Analytics said it expects revenue in the range of $216 million to $217 million.
The company expects full-year revenue in the range of $730 million to $731 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 CWAN at https://www.zacks.com/ap/CWAN
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