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New Relic: Fiscal Q2 Earnings Snapshot
By AP News - Nov 08, 2022, 06:01 PM ET
Last Updated - Apr 23, 2024, 01:25 PM EDT
New Relic Inc. (NEWR) on Tuesday reported a loss of $46.8 million in its fiscal second quarter
SAN FRANCISCO (AP) _ New Relic Inc. (NEWR) on Tuesday reported a loss of $46.8 million in its fiscal second quarter.
The San Francisco-based company said it had a loss of 70 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to 13 cents per share.
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The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The cloud-based software analytics company posted revenue of $226.9 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $222.6 million.
For the current quarter ending in December, New Relic expects its per-share earnings to range from 14 cents to 17 cents.
The company said it expects revenue in the range of $230 million to $235 million for the fiscal third quarter.
New Relic expects full-year earnings in the range of 16 cents to 22 cents per share, with revenue ranging from $912 million to $920 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a NEWR">Zacks stock report on NEWR at https://www.zacks.com/ap/NEWR
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