Medallia: Fiscal 3Q Earnings Snapshot
Posted December 3, 2020 4:24 pm.
Last Updated December 3, 2020 4:38 pm.
SAN FRANCISCO (AP) _ Medallia, Inc. (MDLA) on Thursday reported a loss of $32.2 million in its fiscal third quarter.
The San Francisco-based company said it had a loss of 22 cents per share. Earnings, adjusted for one-time gains and costs, came to 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The company posted revenue of $121 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $116.9 million.
For the current quarter ending in January, Medallia said it expects revenue in the range of $123.5 million to $125.5 million.
Medallia shares have increased 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $35.13, a climb of 11% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MDLA at https://www.zacks.com/ap/MDLA
The Associated Press