SAN FRANCISCO (AP) _ New Relic Inc. (NEWR) on Tuesday reported a loss of $16.8 million in its fiscal fourth quarter.
The San Francisco-based company said it had a loss of 30 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 13 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The cloud-based software analytics company posted revenue of $132.1 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $128.2 million.
For the year, the company reported that its loss narrowed to $40.9 million, or 72 cents per share. Revenue was reported as $479.2 million.
For the current quarter ending in July, New Relic expects its per-share earnings to range from 7 cents to 8 cents.
The company said it expects revenue in the range of $138 million to $140 million for the fiscal first quarter.
New Relic expects full-year earnings in the range of 54 cents to 62 cents per share, with revenue ranging from $600 million to $607 million.
New Relic shares have climbed 32% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $107.13, a climb of 21% 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