New Relic: Fiscal Q3 Earnings Snapshot
By AP News
Published - Feb 07, 2023, 06:12 PM ET
Last Updated - Jun 22, 2023, 10:49 PM EDT
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — New Relic Inc. (NEWR) on Tuesday reported a loss of $26 million in its fiscal third quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 38 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 32 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The cloud-based software analytics company posted revenue of $239.8 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $232.6 million.
