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MicroStrategy: 3Q Earnings Snapshot

·1 min read

TYSONS CORNER, Va. (AP) _ MicroStrategy Inc. (MSTR) on Tuesday reported a third-quarter loss of $14.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Tysons Corner, Virginia-based company said it had a loss of $1.48. Earnings, adjusted for non-recurring costs and stock option expense, were $2.06 per share.

The business software company posted revenue of $127.4 million in the period.

MicroStrategy shares have increased 23% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $176.03, 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 MSTR at https://www.zacks.com/ap/MSTR