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ServiceNow reports 4Q loss

SANTA CLARA, Calif. (AP) _ ServiceNow Inc. (NOW) on Wednesday reported a loss of $32.6 million in its fourth quarter.

The Santa Clara, California-based company said it had a loss of 20 cents per share. Earnings, adjusted for one-time gains and costs, were 24 cents per share.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The maker of software that automates companies' technology operations posted revenue of $385.7 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $379.7 million.

For the year, the company reported that its loss widened to $451.8 million, or $2.75 per share. Revenue was reported as $1.39 billion.

For the current quarter ending in April, ServiceNow said it expects revenue in the range of $406 million to $411 million. Analysts surveyed by Zacks had expected revenue of $403.3 million.

The company expects full-year revenue in the range of $1.82 billion to $1.85 billion.

ServiceNow shares have increased 16 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $86.36, an increase of 13 percent 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 NOW at https://www.zacks.com/ap/NOW

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Keywords: ServiceNow, Earnings Report