SANTA CLARA, Calif. (AP) _ Hortonworks Inc. (HDP) on Thursday reported a loss of $31.6 million in its third quarter.
The Santa Clara, California-based company said it had a loss of 39 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 6 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The business software company posted revenue of $87.2 million in the period, meeting Street forecasts.
Hortonworks shares have declined 8.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.41, a decline of nearly 1 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 HDP at https://www.zacks.com/ap/HDP