Telenav: Fiscal 2Q Earnings Snapshot

Telenav: Fiscal 2Q Earnings Snapshot

Associated Press
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SANTA CLARA, Calif. (AP) _ Telenav Inc. (TNAV) on Thursday reported a loss of $4.6 million in its fiscal second quarter.

The Santa Clara, California-based company said it had a loss of 10 cents per share. Losses, adjusted for stock option expense, were 6 cents per share.

The location-based platform services provider posted revenue of $57.2 million in the period.

For the current quarter ending in April, Telenav said it expects revenue in the range of $49 million to $53 million.

In the final minutes of trading on Thursday, the company's shares hit $4.60. A year ago, they were trading at $5.20.

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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 TNAV at https://www.zacks.com/ap/TNAV

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