COLUMBIA, Md. (AP) _ Tenable Holdings Inc. (TENB) on Tuesday reported a loss of $21.4 million in its first quarter.
On a per-share basis, the Columbia, Maryland-based company said it had a loss of 23 cents. Losses, adjusted for stock option expense and amortization costs, were 13 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The cybersecurity software company posted revenue of $80.3 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $78.4 million.
For the current quarter ending in July, Tenable expects its results to range from a loss of 15 cents per share to a loss of 14 cents per share.
The company said it expects revenue in the range of $82 million to $83 million for the fiscal second quarter.
Tenable expects full-year results to range from a loss of 56 cents per share to a loss of 52 cents per share, with revenue ranging from $343 million to $347 million.
Tenable shares have increased 61% since the beginning of the year.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TENB at https://www.zacks.com/ap/TENB