SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Netskope Inc. (NTSK) on Wednesday reported a loss of $110.8 million in its fiscal second quarter.
The Santa Clara, California-based company said it had a loss of 27 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 3 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The cybersecurity company that specializes in networks for midsized companies posted revenue of $220.5 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $214.3 million.
For the current quarter ending in October, Netskope expects its results to range from a loss of 4 cents per share to a loss of 3 cents per share.
The company said it expects revenue in the range of $227 million to $229 million for the fiscal third quarter.
Netskope expects a full-year loss of 15 cents per share, with revenue ranging from $888 million to $892 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTSK at https://www.zacks.com/ap/NTSK
