U.S. Markets closed

Pegasystems: 4Q Earnings Snapshot

CAMBRIDGE, Mass. (AP) _ Pegasystems Inc. (PEGA) on Wednesday reported fourth-quarter earnings of $918,000.

The Cambridge, Massachusetts-based company said it had profit of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 19 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The business software company posted revenue of $276.5 million in the period.

For the year, the company reported a loss of $90.4 million, or $1.14 per share, swinging to a loss in the period. Revenue was reported as $911.4 million.

Pegasystems expects full-year earnings to be 20 cents per share, with revenue expected to be $1.1 billion.

Pegasystems shares have climbed 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $90.79, an increase of 58% 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