Elastic: Fiscal Q3 Earnings Snapshot
By AP News
Published - Mar 02, 2023, 05:06 PM ET
Last Updated - Jun 22, 2023, 06:14 PM EDT
MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Elastic NV (ESTC) on Thursday reported a loss of $72.6 million in its fiscal third quarter.
On a per-share basis, the Mountain View, California-based company said it had a loss of 76 cents. Earnings, adjusted for stock option expense and restructuring costs, came to 17 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The software developer posted revenue of $274.6 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $272.7 million.
