SAN FRANCISCO (AP) _ New Relic Inc. (NEWR) on Thursday reported a loss of $28 million in its fiscal fourth quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 47 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 14 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The cloud-based software analytics company posted revenue of $159.7 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $153.6 million.
For the year, the company reported that its loss widened to $88.9 million, or $1.52 per share. Revenue was reported as $599.5 million.
For the current quarter ending in July, New Relic expects its results to range from a loss of 1 cent per share to earnings of 4 cents per share.
The company said it expects revenue in the range of $158 million to $160 million for the fiscal first quarter.
New Relic shares have decreased 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $58.28, a fall of 46% in the last 12 months.