Model N: Fiscal 1Q Earnings Snapshot

SAN MATEO, Calif. (AP) _ Model N Inc. (MODN) on Tuesday reported a loss of $5.2 million in its fiscal first quarter.

On a per-share basis, the San Mateo, California-based company said it had a loss of 15 cents. Earnings, adjusted for stock option expense and amortization costs, came to 16 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The provider of revenue management services to the life science and technology industries posted revenue of $42.7 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $40.5 million.

For the current quarter ending in April, Model N expects its results to range from a loss of 6 cents per share to a loss of 5 cents per share.

The company said it expects revenue in the range of $46 million to $46.5 million for the fiscal second quarter.

Model N expects full-year earnings in the range of 10 cents to 15 cents per share, with revenue ranging from $184 million to $186 million.

Model N shares have risen 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.73, a climb of 27% 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

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