Anaplan: Fiscal 3Q Earnings Snapshot

·1 min read

SAN FRANCISCO (AP) _ Anaplan Inc. (PLAN) on Tuesday reported a loss of $36.8 million in its fiscal third quarter.

The San Francisco-based company said it had a loss of 26 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 5 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The software developer posted revenue of $114.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $109.7 million.

For the current quarter ending in January, Anaplan said it expects revenue in the range of $118.5 million to $119.5 million.

The company expects full-year revenue in the range of $444 million to $445 million.

Anaplan shares have risen 19% since the beginning of the year. The stock has climbed 17% 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 PLAN at https://www.zacks.com/ap/PLAN

The Associated Press