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Pegasystems: 4Q Earnings Snapshot

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CAMBRIDGE, Mass. (AP) _ Pegasystems Inc. (PEGA) on Wednesday reported fourth-quarter earnings of $4 million.

The Cambridge, Massachusetts-based company said it had profit of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The business software company posted revenue of $298.6 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $324.3 million.

For the year, the company reported that its loss narrowed to $61.4 million, or 76 cents per share. Revenue was reported as $1.02 billion.

Pegasystems expects full-year earnings to be 25 cents per share, with revenue expected to be $1.25 billion.

Pegasystems shares have climbed slightly more than 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $141.74, a climb of 41% 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