SALT LAKE CITY (AP) _ Control4 Corp. (CTRL) on Thursday reported a first-quarter loss of $2 million, after reporting a profit in the same period a year earlier.
The Salt Lake City-based company said it had a loss of 7 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 13 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The provider of in-home automation and control services posted revenue of $60.4 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $61.6 million.
Control4 shares have dropped almost 3% since the beginning of the year. The stock has decreased 26% 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 CTRL at https://www.zacks.com/ap/CTRL