Workiva: 4Q Earnings Snapshot

AMES, Iowa (AP) _ Workiva Inc. (WK) on Wednesday reported a loss of $7.7 million in its fourth quarter.

The Ames, Iowa-based company said it had a loss of 17 cents per share. Earnings, adjusted for stock option expense, came to less than 1 cent on a per-share basis.

The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The maker of software for managing regulatory filings posted revenue of $64.4 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $62.7 million.

For the year, the company reported that its loss widened to $50.1 million, or $1.15 per share. Revenue was reported as $244.3 million.

For the current quarter ending in April, Workiva expects its results to range from a loss of 5 cents per share to a loss of 4 cents per share.

The company expects full-year results to range from a loss of 39 cents per share to a loss of 34 cents per share.

Workiva shares have risen 23 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $44.22, an increase of 69 percent in the last 12 months.

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