New Relic: Fiscal Q2 Earnings Snapshot
New Relic Inc. (NEWR) on Tuesday reported a loss of $46.8 million in its fiscal second quarter
By AP News
Published - Nov 08, 2022, 06:01 PM ET
Last Updated - Apr 23, 2024, 01:25 PM EDT
SAN FRANCISCO (AP) _ New Relic Inc. (NEWR) on Tuesday reported a loss of $46.8 million in its fiscal second quarter.
The San Francisco-based company said it had a loss of 70 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to 13 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The cloud-based software analytics company posted revenue of $226.9 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $222.6 million.
