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PROVO, Utah (AP) — PROVO, Utah (AP) — Qualtrics International Inc. (XM) on Thursday reported a loss of $259 million in its first quarter.
On a per-share basis, the Provo, Utah-based company said it had a loss of 43 cents. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The developer of application software posted revenue of $409.8 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $392.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a XM">Zacks stock report on XM at https://www.zacks.com/ap/XM