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Carbonite: 2Q Earnings Snapshot

BOSTON (AP) _ Carbonite Inc. (CARB) on Thursday reported a loss of $11.3 million in its second quarter.

On a per-share basis, the Boston-based company said it had a loss of 33 cents. Earnings, adjusted for one-time gains and costs, were 56 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The cloud computing company posted revenue of $121.5 million in the period. Its adjusted revenue was $135 million, which missed Street forecasts. Six analysts surveyed by Zacks expected $135.3 million.

For the current quarter ending in October, Carbonite said it expects revenue in the range of $131 million to $133 million.

The company expects full-year revenue in the range of $477.5 million to $482.5 million.

Carbonite shares have fallen slightly more than 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.90, a decrease of 36% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CARB at https://www.zacks.com/ap/CARB