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AppFolio: 1Q Earnings Snapshot

SANTA BARBARA, Calif. (AP) _ AppFolio Inc. (APPF) on Thursday reported first-quarter net income of $3.7 million.

The Santa Barbara, California-based company said it had net income of 11 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The property management software maker posted revenue of $57.1 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $56.8 million.

AppFolio shares have climbed 64% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $97.04, a rise of 84% 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 APPF at https://www.zacks.com/ap/APPF