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Zendesk: 1Q Earnings Snapshot

SAN FRANCISCO (AP) _ Zendesk Inc. (ZEN) on Thursday reported a loss of $42.8 million in its first quarter.

The San Francisco-based company said it had a loss of 38 cents per share. Earnings, adjusted for one-time gains and costs, were 10 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The customer-service software maker posted revenue of $237.5 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $235.9 million.

For the current quarter ending in July, Zendesk said it expects revenue in the range of $237 million to $243 million.

Zendesk shares have climbed slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $76.80, a decline of 12% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZEN at https://www.zacks.com/ap/ZEN