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Elastic: Fiscal 3Q Earnings Snapshot

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.


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