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New Relic: Fiscal 3Q Earnings Snapshot

SAN FRANCISCO (AP) _ New Relic Inc. (NEWR) on Tuesday reported a loss of $27.2 million in its fiscal third quarter.

The San Francisco-based company said it had a loss of 46 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 9 cents per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The cloud-based software analytics company posted revenue of $153 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $149.2 million.

For the current quarter ending in March, New Relic expects its per-share earnings to range from 2 cents to 6 cents.

The company said it expects revenue in the range of $154 million to $156 million for the fiscal fourth quarter.

New Relic expects full-year earnings in the range of 54 cents to 59 cents per share, with revenue ranging from $594 million to $596 million.

New Relic shares have risen almost 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $70.77, a fall of 33% 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 NEWR at https://www.zacks.com/ap/NEWR