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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Okta Inc. (OKTA) on Wednesday reported a loss of $153 million in its fiscal fourth quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 95 cents. Earnings, adjusted for stock option expense and amortization costs, came to 30 cents per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The cloud identity management company posted revenue of $510 million in the period, also topping Street forecasts. Thirteen analysts surveyed by Zacks expected $489 million.
For the year, the company reported a loss of $815 million, or $5.16 per share. Revenue was reported as $1.86 billion.
For the current quarter ending in April, Okta expects its per-share earnings to range from 11 cents to 12 cents.
The company said it expects revenue in the range of $509 million to $511 million for the fiscal first quarter.
Okta expects full-year earnings in the range of 74 cents to 79 cents per share, with revenue ranging from $2.15 billion to $2.17 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a OKTA">Zacks stock report on OKTA at https://www.zacks.com/ap/OKTA