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Zendesk: 4Q Earnings Snapshot

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SAN FRANCISCO (AP) _ Zendesk Inc. (ZEN) on Thursday reported a loss of $70 million in its fourth quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 60 cents. Earnings, adjusted for one-time gains and costs, were 11 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The customer-service software maker posted revenue of $283.5 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $277.4 million.

For the year, the company reported that its loss widened to $218.2 million, or $1.89 per share. Revenue was reported as $1.03 billion.

For the current quarter ending in April, Zendesk said it expects revenue in the range of $291 million to $296 million.

The company expects full-year revenue in the range of $1.28 billion to $1.31 billion.

Zendesk shares have climbed roughly 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $155.55, an increase of 74% 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