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MobileIron reports 1Q loss

MOUNTAIN VIEW, Calif. (AP) _ MobileIron Inc. (MOBL) on Thursday reported a loss of $12.8 million in its first quarter.

The Mountain View, California-based company said it had a loss of 14 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 6 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The IT company for mobile applications industry posted revenue of $42.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $41.8 million.

For the current quarter ending in July, MobileIron said it expects revenue in the range of $42.5 million to $44.5 million.

The company expects full-year revenue in the range of $175 million to $190 million.

In the final minutes of trading on Thursday, the company's shares hit $4.45. A year ago, they were trading at $4.35.


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


Keywords: MobileIron, Earnings Report