U.S. markets closed
  • S&P 500

    3,638.35
    +8.70 (+0.24%)
     
  • Dow 30

    29,910.37
    +37.87 (+0.13%)
     
  • Nasdaq

    12,205.85
    +111.45 (+0.92%)
     
  • Russell 2000

    1,855.27
    +10.25 (+0.56%)
     
  • Crude Oil

    45.52
    -0.01 (-0.02%)
     
  • Gold

    1,790.70
    +2.60 (+0.15%)
     
  • Silver

    22.77
    +0.14 (+0.60%)
     
  • EUR/USD

    1.1956
    +0.0043 (+0.36%)
     
  • 10-Yr Bond

    0.8420
    -0.0360 (-4.10%)
     
  • GBP/USD

    1.3334
    -0.0022 (-0.17%)
     
  • USD/JPY

    104.0850
    -0.1650 (-0.16%)
     
  • BTC-USD

    18,263.58
    +495.53 (+2.79%)
     
  • CMC Crypto 200

    333.27
    -4.23 (-1.25%)
     
  • FTSE 100

    6,367.58
    +4.65 (+0.07%)
     
  • Nikkei 225

    26,644.71
    +107.41 (+0.40%)
     

Pegasystems: 3Q Earnings Snapshot

·1 min read

CAMBRIDGE, Mass. (AP) _ Pegasystems Inc. (PEGA) on Wednesday reported a loss of $19.3 million in its third quarter.

The Cambridge, Massachusetts-based company said it had a loss of 24 cents per share. Losses, adjusted for one-time gains and costs, came to 33 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The business software company posted revenue of $226 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $250.8 million.

Pegasystems shares have risen 51% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $120.27, an increase of 60% in the last 12 months.

_____

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