Qualtrics: Q1 Earnings Snapshot
By AP News
Published - Apr 20, 2023, 04:30 PM ET
Last Updated - Jun 22, 2023, 05:15 AM EDT
PROVO, Utah (AP) — PROVO, Utah (AP) — Qualtrics International Inc. (XM) on Thursday reported a loss of $259 million in its first quarter.
On a per-share basis, the Provo, Utah-based company said it had a loss of 43 cents. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The developer of application software posted revenue of $409.8 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $392.9 million.
