AP NEWS

Anaplan: Fiscal 3Q Earnings Snapshot

November 21, 2019

SAN FRANCISCO (AP) _ Anaplan Inc. (PLAN) on Thursday reported a loss of $34.7 million in its fiscal third quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 26 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 8 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The software developer posted revenue of $89.4 million in the period.

For the current quarter ending in January, Anaplan said it expects revenue in the range of $96.5 million to $97.5 million.

The company expects full-year revenue in the range of $346 million to $347 million.

Anaplan shares have risen 85% since the beginning of the year. The stock has more than doubled 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 PLAN at https://www.zacks.com/ap/PLAN