Accolade: Fiscal Q2 Earnings Snapshot

Associated Press Finance
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SEATTLE (AP) — SEATTLE (AP) — Accolade, Inc. (ACCD) on Wednesday reported a loss of $32.8 million in its fiscal second quarter.

The Seattle-based company said it had a loss of 43 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 56 cents per share.

The company posted revenue of $96.9 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $94.4 million.

For the current quarter ending in November, Accolade said it expects revenue in the range of $95 million to $97 million.

The company expects full-year revenue in the range of $410 million to $414 million.

Accolade shares have increased 26% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.80, a decrease of 26% in the last 12 months.

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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 ACCD at https://www.zacks.com/ap/ACCD

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