AP NEWS

Ping Identity: 3Q Earnings Snapshot

November 13, 2019 GMT

DENVER (AP) _ Ping Identity Holding Corp. (PING) on Wednesday reported a loss of $595,000 in its third quarter.

On a per-share basis, the Denver-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, came to 13 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The software company posted revenue of $61.8 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $55.1 million.

For the current quarter ending in December, Ping Identity said it expects revenue in the range of $64.7 million to $66.7 million.

The company expects full-year revenue in the range of $239.3 million to $241.3 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 PING at https://www.zacks.com/ap/PING