MOUNTAIN VIEW, Calif. (AP) _ MobileIron Inc. (MOBL) on Thursday reported a loss of $8 million in its fourth 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 restructuring costs, came to 1 cent per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The IT company for mobile applications industry posted revenue of $54.1 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $54.6 million.
For the year, the company reported that its loss widened to $48.8 million, or 44 cents per share. Revenue was reported as $205.2 million.
For the current quarter ending in April, MobileIron said it expects revenue in the range of $46 million to $49 million.
The company expects full-year revenue in the range of $195 million to $205 million.
MobileIron shares have increased slightly more than 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.02, a drop of 6.5% in the last 12 months.