SAN MATEO, Calif. (AP) _ Zuora Inc. (ZUO) on Thursday reported a loss of $23.8 million in its fiscal fourth quarter.
On a per-share basis, the San Mateo, California-based company said it had a loss of 21 cents. Losses, adjusted for one-time gains and costs, came to 9 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The enterprise software company posted revenue of $70.4 million in the period.
For the year, the company reported that its loss widened to $83.4 million, or 75 cents per share. Revenue was reported as $276.1 million.
For the current quarter ending in May, Zuora expects its results to range from a loss of 11 cents per share to a loss of 10 cents per share.
The company said it expects revenue in the range of $70.5 million to $73 million for the fiscal first quarter.
Zuora expects full-year results to range from a loss of 29 cents per share to a loss of 25 cents per share, with revenue ranging from $300 million to $307 million.
Zuora shares have declined 41% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.51, a fall of 64% in the last 12 months.