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BOSTON (AP) _ Rapid7 Inc. (RPD) on Tuesday reported a loss of $28.9 million in its fourth quarter.
The Boston-based company said it had a loss of 56 cents per share. Losses, adjusted for stock option expense and amortization costs, were 7 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The cybersecurity company posted revenue of $113.2 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $108.8 million.
For the year, the company reported that its loss widened to $98.8 million, or $1.94 per share. Revenue was reported as $411.5 million.
For the current quarter ending in April, 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 $113.2 million to $114.8 million for the fiscal first quarter.
Rapid7 expects full-year results to range from a loss of 3 cents per share to earnings of 4 cents per share, with revenue ranging from $488 million to $496 million.
Rapid7 shares have increased slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $90.24, a climb of 45% in the last 12 months.