Rapid7: 1Q Earnings Snapshot

BOSTON (AP) _ Rapid7 Inc. (RPD) on Thursday reported a loss of $11.7 million in its first quarter.

The Boston-based company said it had a loss of 24 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 2 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The cybersecurity company posted revenue of $73.2 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $70 million.

For the current quarter ending in July, Rapid7 expects its results to range from a loss of 8 cents per share to a loss of 6 cents per share.

The company said it expects revenue in the range of $74.3 million to $75.9 million for the fiscal second quarter.

Rapid7 expects full-year revenue in the range of $312 million to $318 million.

Rapid7 shares have increased 70% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $52.85, a climb of 80% 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 RPD at https://www.zacks.com/ap/RPD