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Xactly reports 4Q loss

SAN JOSE, Calif. (AP) _ Xactly Corp. (XTLY) on Wednesday reported a loss of $4.1 million in its fiscal fourth quarter.

On a per-share basis, the San Jose, California-based company said it had a loss of 13 cents. Losses, adjusted for stock option expense, came to 5 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The cloud-based incentives company posted revenue of $24.3 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $23.9 million.

For the year, the company reported that its loss narrowed to $16.9 million, or 55 cents per share. Revenue was reported as $95.5 million.

For the current quarter ending in May, Xactly expects its results to range from a loss of 10 cents per share to a loss of 7 cents per share.

The company said it expects revenue in the range of $23.8 million to $24.8 million for the fiscal first quarter.

Xactly expects full-year results to range from a loss of 32 cents per share to a loss of 24 cents per share, with revenue ranging from $111 million to $115 million.

Xactly shares have increased almost 9 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.95, a climb of 81 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 XTLY at https://www.zacks.com/ap/XTLY

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Keywords: Xactly, Earnings Report