SAN FRANCISCO (AP) _ Slack Technologies Inc. (WORK) on Wednesday reported a loss of $359.6 million in its fiscal second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 98 cents. Losses, adjusted for stock option expense and amortization costs, came to 14 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The work messaging service posted revenue of $145 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $140.6 million.
For the current quarter ending in November, Slack expects its results to range from a loss of 9 cents per share to a loss of 8 cents per share.
The company said it expects revenue in the range of $154 million to $156 million for the fiscal third quarter.
Slack expects full-year results to range from a loss of 42 cents per share to a loss of 40 cents per share, with revenue ranging from $603 million to $610 million.