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FalconStor Software: 2Q Earnings Snapshot

AUSTIN, Texas (AP) _ FalconStor Software Inc. (FALCD) on Wednesday reported a loss of $1.2 million in its second quarter.

The Austin, Texas-based company said it had a loss of 27 cents per share. Losses, adjusted for non-recurring costs and restructuring costs, came to 16 cents per share.

The software-defined storage company posted revenue of $4 million in the period.

FalconStor Software shares have nearly tripled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.75, an increase of 20% in the last 12 months.

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