Zuora Inc. ZUO, +1.83% shares declined in late trading Thursday despite an earnings beat, as the company's forecast seemed to disappoint. The subscription-economy software company reported second-quarter losses of $19.6 million, or 19 cents a share, on sales of $57.8 million, up from $41.5 million a year ago. After adjusting for stock-based compensation and other factors, the company reported adjusted losses of 13 cents a share. Analysts on average expected adjusted losses of 16 cents a share on revenue of $54.1 million, according to FactSet. Zuora's forecast for the third quarter was slightly lower than expected, however, calling for adjusted losses of 13 cents to 14 cents a share on revenue of $58.3 million to $59.3 million. Analysts on average were expecting adjusted losses of 12 cents a share on sales of $56.1 million. Zuora stock fell more than 4% in late trading, after closing with a 1.8% at $34.01.
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