Clearwater Analytics: Q4 Earnings Snapshot
BOISE, Idaho (AP) — BOISE, Idaho (AP) — Clearwater Analytics Holdings Inc. (CWAN) on Wednesday reported a loss of $4.2 million in its fourth quarter.
BOISE, Idaho (AP) — BOISE, Idaho (AP) — Clearwater Analytics Holdings Inc. (CWAN) on Wednesday reported a loss of $4.2 million in its fourth quarter.
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The Boise, Idaho-based company said it had a loss of 2 cents per share. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
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The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The automated investment accounting software developer posted revenue of $99 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $98.6 million.
For the year, the company reported a loss of $21.6 million, or 11 cents per share. Revenue was reported as $368.2 million.
For the current quarter ending in March, Clearwater Analytics said it expects revenue in the range of $100.5 million.
The company expects full-year revenue in the range of $431 million to $437 million.
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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 CWAN at https://www.zacks.com/ap/CWAN