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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.
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