SAN MATEO, Calif. (AP) _ Model N Inc. (MODN) on Tuesday reported a loss of $3.7 million in its fiscal fourth quarter.
On a per-share basis, the San Mateo, California-based company said it had a loss of 11 cents. Earnings, adjusted for stock option expense and amortization costs, came to 14 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The provider of revenue management services to the life science and technology industries posted revenue of $41.5 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $40.4 million.
For the year, the company reported that its loss narrowed to $13.7 million, or 40 cents per share. Revenue was reported as $161.1 million.
For the current quarter ending in January, Model N expects its per-share earnings to range from 5 cents to 8 cents.
The company said it expects revenue in the range of $40.2 million to $40.6 million for the fiscal first quarter.
Model N expects full-year earnings in the range of 27 cents to 35 cents per share, with revenue ranging from $170 million to $172 million.
Model N shares have increased 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $35.47, a rise of 18% 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 MODN at https://www.zacks.com/ap/MODN