SAN JOSE, Calif. (AP) _ Zscaler Inc. (ZS) on Wednesday reported a loss of $49.5 million in its fiscal fourth quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 38 cents. Earnings, adjusted for stock option expense and amortization costs, were 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The cloud-based information security provider posted revenue of $125.9 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $118.4 million.
For the year, the company reported that its loss widened to $115.1 million, or 89 cents per share. Revenue was reported as $431.3 million.
For the current quarter ending in November, Zscaler expects its per-share earnings to range from 5 cents to 6 cents.
The company said it expects revenue in the range of $131 million to $133 million for the fiscal first quarter.sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more
Zscaler expects full-year earnings in the range of 28 cents to 30 cents per share, with revenue ranging from $580 million to $590 million.
Zscaler shares have nearly tripled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $134.19, more than doubling 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 ZS at https://www.zacks.com/ap/ZS
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