Anaplan: Fiscal Q1 Earnings Snapshot
Posted May 27, 2021 5:40 am.
Last Updated May 27, 2021 5:44 am.
SAN FRANCISCO (AP) _ Anaplan Inc. (PLAN) on Thursday reported a loss of $51.5 million in its fiscal first quarter.
The San Francisco-based company said it had a loss of 36 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 10 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The software developer posted revenue of $129.8 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $127 million.
For the current quarter ending in August, Anaplan said it expects revenue in the range of $133.5 million to $134.5 million.
The company expects full-year revenue in the range of $555 million to $560 million.
Anaplan shares have declined 21% since the beginning of the year. The stock has climbed 21% 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 PLAN at https://www.zacks.com/ap/PLAN
The Associated Press
