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Zendesk: 3Q Earnings Snapshot

·1 min read

SAN FRANCISCO (AP) _ Zendesk Inc. (ZEN) on Thursday reported a loss of $40.7 million in its third quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 35 cents. Earnings, adjusted for one-time gains and costs, were 17 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The customer-service software maker posted revenue of $261.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $253.2 million.

For the current quarter ending in December, Zendesk said it expects revenue in the range of $274 million to $279 million.

The company expects full-year revenue of $1.02 billion.

Zendesk shares have climbed 38% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $106.03, a rise of 60% 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 ZEN at https://www.zacks.com/ap/ZEN