ON24: Q2 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — ON24 Inc. (ONTF) on Tuesday reported a loss of $12.8 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 28 cents. Earnings, adjusted for stock option expense and restructuring costs, were 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The webcasting and video communications services provider posted revenue of $42.1 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $41.3 million.
For the current quarter ending in September, ON24 said it expects revenue in the range of $37.5 million to $38.5 million.
The company expects full-year results to range from a loss of 2 cents per share to earnings of 2 cents per share, with revenue ranging from $157 million to $160 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 ONTF at https://www.zacks.com/ap/ONTF
