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COLUMBIA, Md. (AP) _ Tenable Holdings Inc. (TENB) on Tuesday reported a loss of $23 million in its first quarter.
The Columbia, Maryland-based company said it had a loss of 23 cents per share. Losses, adjusted for stock option expense and amortization costs, were 9 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The cybersecurity software company posted revenue of $102.6 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $99.9 million.
For the current quarter ending in July, Tenable expects its results to range from a loss of 6 cents per share to a loss of 4 cents per share.
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The company said it expects revenue in the range of $101 million to $103 million for the fiscal second quarter.
Tenable shares have risen 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.70, a drop of 26% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TENB at https://www.zacks.com/ap/TENB
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