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Tintri Inc. reports 4Q loss

MOUNTAIN VIEW, Calif. (AP) _ Tintri Inc. (TNTR) on Monday reported a loss of $37.4 million in its fiscal fourth quarter.

The Mountain View, California-based company said it had a loss of $1.19 per share. Losses, adjusted for stock option expense and non-recurring costs, were 72 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 81 cents per share.

The enterprise cloud platform company posted revenue of $28.9 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $26.3 million.

For the year, the company reported a loss of $157.7 million, or $6.98 per share. Revenue was reported as $125.9 million.

For the current quarter ending in May, Tintri Inc. expects its results to range from a loss of 68 cents per share to a loss of 64 cents per share.

The company said it expects revenue in the range of $20 million to $21 million for the fiscal first quarter.

Tintri Inc. shares have increased slightly 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 TNTR at https://www.zacks.com/ap/TNTR