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AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Phunware, Inc. (PHUN) on Thursday reported a loss of $2.6 million in its second quarter.
The Austin, Texas-based company said it had a loss of 32 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.
The company posted revenue of $1 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $1.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHUN at https://www.zacks.com/ap/PHUN