SANTA MONICA, Calif. (AP) _ Cornerstone OnDemand Inc. (CSOD) on Tuesday reported a loss of $3.2 million in its fourth quarter.
The Santa Monica, California-based company said it had a loss of 5 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 24 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The developer of human-resources software posted revenue of $138.2 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $129.8 million.
For the year, the company reported that its loss narrowed to $33.8 million, or 58 cents per share. Revenue was reported as $537.9 million.
For the current quarter ending in April, Cornerstone OnDemand said it expects revenue in the range of $134.5 million to $136.5 million.
The company expects full-year revenue in the range of $558 million to $568 million.
Cornerstone OnDemand shares have risen 19 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $60.11, an increase of 56 percent 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 CSOD at https://www.zacks.com/ap/CSOD