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Telenav: Fiscal 1Q Earnings Snapshot

SANTA CLARA, Calif. (AP) _ Telenav Inc. (TNAV) on Thursday reported a loss of $6.1 million in its fiscal first quarter.

On a per-share basis, the Santa Clara, California-based company said it had a loss of 13 cents. Losses, adjusted to account for discontinued operations and stock option expense, came to 1 cent per share.

The location-based platform services provider posted revenue of $64.5 million in the period.

For the current quarter ending in January, Telenav said it expects revenue in the range of $55 million to $57 million.

In the final minutes of trading on Thursday, the company's shares hit $4.54. A year ago, they were trading at $4.41.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TNAV at https://www.zacks.com/ap/TNAV