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FalconStor Software: 3Q Earnings Snapshot

AUSTIN, Texas (AP) _ FalconStor Software Inc. (FALC) on Wednesday reported a third-quarter loss of $332,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Austin, Texas-based company said it had a loss of 1 cent. Earnings, adjusted for restructuring costs and stock option expense, were less than 1 cent on a per-share basis.

The software-defined storage company posted revenue of $4.1 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit 8 cents. A year ago, they were trading at 31 cents.


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