NCino: Fiscal Q1 Earnings Snapshot

WILMINGTON, N.C. (AP) — WILMINGTON, N.C. (AP) — NCino, Inc. (NCNO) on Wednesday reported a loss of $11.2 million in its fiscal first quarter.

The Wilmington, North Carolina-based company said it had a loss of 10 cents per share. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The company posted revenue of $113.7 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $112.5 million.

For the current quarter ending in July, nCino expects its per-share earnings to range from 6 cents to 8 cents.

The company said it expects revenue in the range of $114 million to $115.5 million for the fiscal second quarter.

NCino expects full-year earnings in the range of 37 cents to 40 cents per share, with revenue ranging from $474 million to $478.5 million.

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