TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Fiverr International Lt. (FVRR) on Wednesday reported profit of $11.5 million in its fourth quarter.
On a per-share basis, the Tel Aviv, Israel-based company said it had net income of 31 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 86 cents per share.
The online marketplace for freelance services posted revenue of $107.2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $108.7 million.
For the year, the company reported profit of $21 million, or 56 cents per share. Revenue was reported as $430.9 million.
For the current quarter ending in March, Fiverr said it expects revenue in the range of $100 million to $108 million.
The company expects full-year revenue in the range of $380 million to $420 million.
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