TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Perion Network Ltd. (PERI) on Wednesday reported a loss of $10 million in its first quarter.
The Tel Aviv, Israel-based company said it had a loss of 26 cents per share. Earnings, adjusted for one-time gains and costs, were 11 cents per share.
The digital media company posted revenue of $90.4 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $94.4 million.
Perion Network expects full-year revenue in the range of $460 million to $490 million.
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