Vertex: Q4 Earnings Snapshot
By AP News
Published - Mar 08, 2023, 07:30 AM ET
Last Updated - Jun 22, 2023, 05:28 PM EDT
KING OF PRUSSIA, Pa. (AP) — KING OF PRUSSIA, Pa. (AP) — Vertex, Inc. (VERX) on Wednesday reported a loss of $5.3 million in its fourth quarter.
The King Of Prussia, Pennsylvania-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The company posted revenue of $131.1 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $125.4 million.
