MOUNTAIN VIEW, Calif. (AP) _ Elastic NV (ESTC) on Wednesday reported a loss of $44.3 million in its fiscal third quarter.
On a per-share basis, the Mountain View, California-based company said it had a loss of 55 cents. Losses, adjusted for one-time gains and costs, came to 28 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The software developer posted revenue of $113.2 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $107.1 million.
For the current quarter ending in April, Elastic expects its results to range from a loss of 32 cents per share to a loss of 30 cents per share.
The company said it expects revenue in the range of $119 million to $120 million for the fiscal fourth quarter.
Elastic expects full-year results to range from a loss of $1.13 per share to a loss of $1.12 per share, with revenue ranging from $423 million to $424 million.
Elastic shares have dropped almost 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $63.73, a decline of 34% in the last 12 months.