FARMINGTON, Utah (AP) _ Pluralsight Inc. (PS) on Wednesday reported a loss of $32 million in its fourth quarter.
The Farmington, Utah-based company said it had a loss of 23 cents per share. Losses, adjusted for one-time gains and costs, came to 9 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The online education company posted revenue of $88.8 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $87.3 million.
For the year, the company reported that its loss narrowed to $112.7 million, or 82 cents per share. Revenue was reported as $316.9 million.
For the current quarter ending in April, Pluralsight expects its results to range from a loss of 14 cents per share to a loss of 13 cents per share.
The company said it expects revenue in the range of $88 million to $89 million for the fiscal first quarter.
Pluralsight expects full-year results to range from a loss of 50 cents per share to a loss of 45 cents per share, with revenue ranging from $390 million to $400 million.
Pluralsight shares have increased 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.64, a fall of 35% in the last 12 months.