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Pegasystems: 1Q Earnings Snapshot

CAMBRIDGE, Mass. (AP) _ Pegasystems Inc. (PEGA) on Wednesday reported a loss of $25.4 million in its first quarter.

The Cambridge, Massachusetts-based company said it had a loss of 32 cents per share. Earnings, adjusted for one-time gains and costs, came to 5 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The business software company posted revenue of $265.6 million in the period.

Pegasystems shares have increased 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $83.60, a climb of 11% in the last 12 months.

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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 PEGA at https://www.zacks.com/ap/PEGA