SAN FRANCISCO (AP) _ PagerDuty Inc. (PD) on Thursday reported a loss of $11.5 million in its fiscal first quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 15 cents. Losses, adjusted for stock option expense, were 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The software developer posted revenue of $49.8 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $48.2 million.
For the current quarter ending in August, PagerDuty expects its results to range from a loss of 7 cents per share to a loss of 6 cents per share.
The company said it expects revenue in the range of $50 million to $51 million for the fiscal second quarter.
PagerDuty expects full-year results to range from a loss of 30 cents per share to a loss of 25 cents per share, with revenue ranging from $204 million to $213 million.
PagerDuty shares have risen 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $26.92, a drop of 40% in the last 12 months.