SAN MATEO, Calif. (AP) _ Model N Inc. (MODN) on Tuesday reported a loss of $4.6 million in its fiscal second quarter.
The San Mateo, California-based company said it had a loss of 14 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The provider of revenue management services to the life science and technology industries posted revenue of $40 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $38 million.
For the current quarter ending in July, Model N expects its per-share earnings to range from 5 cents to 7 cents.
The company said it expects revenue in the range of $39.4 million to $39.8 million for the fiscal third quarter.
Model N expects full-year earnings in the range of 28 cents to 31 cents per share, with revenue ranging from $154 million to $156 million.
Model N shares have fallen 22% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $27.48, a rise of 49% in the last 12 months.