BEAVERTON, Ore. (AP) _ Digimarc Corp. (DMRC) on Wednesday reported a loss of $6.2 million in its first quarter.
The Beaverton, Oregon-based company said it had a loss of 61 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 66 cents per share.
The online marketing company posted revenue of $6.1 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $5.9 million.
Digimarc shares have dropped 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.10, an increase of 3 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 DMRC at https://www.zacks.com/ap/DMRC
Keywords: Digimarc, Earnings Report