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