Workiva: Q1 Earnings Snapshot
AMES, Iowa (AP) — AMES, Iowa (AP) — Workiva Inc. (WK) on Thursday reported a loss of $21.4 million in its first quarter.
On a per-share basis, the Ames, Iowa-based company said it had a loss of 38 cents. Earnings, adjusted for stock option expense and amortization costs, were 14 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The maker of software for managing regulatory filings posted revenue of $206.3 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $203.9 million.
For the current quarter ending in June, Workiva expects its per-share earnings to be 5 cents.
The company said it expects revenue in the range of $208 million to $210 million for the fiscal second quarter.
Workiva expects full-year earnings in the range of $1.02 to $1.09 per share, with revenue ranging from $864 million to $868 million.
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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 WK at https://www.zacks.com/ap/WK