BURLINGTON, Mass. (AP) _ Everbridge Inc. (EVBG) on Monday reported a loss of $21.8 million in its first quarter.
The Burlington, Massachusetts-based company said it had a loss of 60 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 18 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The software developer posted revenue of $82.2 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $75.6 million.
For the current quarter ending in July, Everbridge expects its results to range from a loss of 23 cents per share to a loss of 22 cents per share.
The company said it expects revenue in the range of $83.7 million to $84.1 million for the fiscal second quarter.
Everbridge expects full-year results to range from a loss of 20 cents per share to a loss of 16 cents per share, with revenue ranging from $358 million to $359.6 million.
Everbridge shares have fallen 26% since the beginning of the year. In the final minutes of trading on Monday, shares hit $110.28, a fall of 28% 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 EVBG at https://www.zacks.com/ap/EVBG
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