MOUNTAIN VIEW, Calif. (AP) _ MobileIron Inc. (MOBL) on Wednesday reported a loss of $8.5 million in its second quarter.
On a per-share basis, the Mountain View, California-based company said it had a loss of 7 cents. Earnings, adjusted for stock option expense and amortization costs, were 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The IT company for mobile applications industry posted revenue of $58.9 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $49.9 million.
For the current quarter ending in October, MobileIron said it expects revenue in the range of $48 million to $51 million.
The company expects full-year revenue in the range of $203 million to $210 million.
MobileIron shares have climbed 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.90, a fall of 16% in the last 12 months.