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New Relic: Fiscal Q3 Earnings Snapshot
By AP News - Feb 07, 2023, 06:12 PM ET
Last Updated - Jun 22, 2023, 10:49 PM EDT
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — New Relic Inc. (NEWR) on Tuesday reported a loss of $26 million in its fiscal third quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 38 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 32 cents per share.
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The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The cloud-based software analytics company posted revenue of $239.8 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $232.6 million.
For the current quarter ending in March, New Relic expects its per-share earnings to range from 20 cents to 23 cents.
The company said it expects revenue in the range of $240 million to $242 million for the fiscal fourth quarter.
New Relic expects full-year earnings in the range of 40 cents to 43 cents per share, with revenue ranging from $923.1 million to $925.1 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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