AMES, Iowa (AP) _ Workiva Inc. (WK) on Tuesday reported a loss of $7.3 million in its first quarter.
The Ames, Iowa-based company said it had a loss of 15 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 12 cents per share.
The results topped Wall Street expectations. The average estimate of seven 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 $104.2 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $100.4 million.
Workiva expects full-year results to range from a loss of 19 cents per share to a loss of 15 cents per share.
Workiva shares have decreased 4% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $87.97, more than doubling 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 WK at https://www.zacks.com/ap/WK
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