AMES, Iowa (AP) _ Workiva Inc. (WK) on Tuesday reported a loss of $9.5 million in its second quarter.
On a per-share basis, the Ames, Iowa-based company said it had a loss of 19 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 7 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The maker of software for managing regulatory filings posted revenue of $105.6 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $101.6 million.
For the current quarter ending in October, Workiva expects its results to range from a loss of 12 cents per share to a loss of 10 cents per share.
The company said it expects revenue in the range of $108 million to $109 million for the fiscal third quarter.
Workiva expects full-year results to range from a loss of 8 cents per share to a loss of 4 cents per share, with revenue ranging from $430 million to $432 million.
Workiva shares have risen 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $128.44, more than doubling in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WK at https://www.zacks.com/ap/WK
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