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New Relic: Fiscal 3Q Earnings Snapshot

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SAN FRANCISCO (AP) _ New Relic Inc. (NEWR) on Thursday reported a loss of $53.6 million in its fiscal third quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 88 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 14 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

The cloud-based software analytics company posted revenue of $166.3 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $164.8 million.

For the current quarter ending in March, New Relic expects its results to range from a loss of 49 cents per share to a loss of 45 cents per share.

The company said it expects revenue in the range of $166 million to $167 million for the fiscal fourth quarter.

New Relic shares have risen 24% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $80.77, a rise of 14% 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 NEWR at https://www.zacks.com/ap/NEWR