Anaplan Inc. shares rallied in the extended session Tuesday after the cloud-based business organization platform reported results that topped Wall Street estimates and hiked its outlook for the year.
Anaplan PLAN,
The company reported second-quarter loss of $51.1 million, or 35 cents a share, compared with a loss of $35.5 million, or 26 cents a share, in the year-ago period. The adjusted loss, which excludes stock-based compensation expenses and other items, was 9 cents a share, compared with 4 cents a share in the year-ago period.
Revenue rose to $144.3 million from $106.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 14 cents a share on revenue of $133.8 million.
Anaplan forecast third-quarter revenue of $145.5 million to $145.6 million, and hiked its revenue forecast for the year to a range between $571.5 million and $573.5 million, from a previous range of $555 million to $560 million.
Analysts estimate a loss of 7 cents a share on revenue of $142.5 million for the third quarter, and a loss of 36 cents a share on revenue of $559.1 million for the year.
