SAN FRANCISCO (AP) _ Pivotal Software Inc. (PVTL) on Wednesday reported a loss of $28.1 million in its fiscal second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 10 cents. Earnings, adjusted for stock option expense and amortization costs, came to less than 1 cent on a per-share basis.
The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The software and services company posted revenue of $193 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $186.3 million.
Pivotal Software shares have dropped nearly 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.90, a fall of 48% in the last 12 months.