RALEIGH, N.C. (AP) _ Bandwidth Inc. (BAND) on Wednesday reported a loss of $5.3 million in its first quarter.

On a per-share basis, the Raleigh, North Carolina-based company said it had a loss of 21 cents. Earnings, adjusted for one-time gains and costs, were 30 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The enterprise software developer posted revenue of $113.5 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $108.4 million.

For the current quarter ending in July, Bandwidth expects its per-share earnings to range from 8 cents to 10 cents.

The company expects full-year earnings in the range of 47 cents to 55 cents per share.

Bandwidth shares have fallen 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $118.99, a rise of 22% 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 BAND at https://www.zacks.com/ap/BAND