GIVATAYIM, Israel (AP) — GIVATAYIM, Israel (AP) — Similarweb Ltd. (SMWB) on Tuesday reported a loss of $7.5 million in its fourth quarter.
The Givatayim, Israel-based company said it had a loss of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 3 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The digital intelligence company posted revenue of $72.8 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $75.7 million.
For the year, the company reported a loss of $32.9 million, or 39 cents per share. Revenue was reported as $282.6 million.
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