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COLUMBIA, Md. (AP) _ Tenable Holdings Inc. (TENB) on Tuesday reported a loss of $7.7 million in its first quarter.
The Columbia, Maryland-based company said it had a loss of 7 cents per share. Earnings, adjusted for stock option expense and pretax expenses, came to 13 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The cybersecurity software company posted revenue of $123.2 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $119.5 million.
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For the current quarter ending in July, Tenable expects its per-share earnings to range from 4 cents to 5 cents.
The company said it expects revenue in the range of $124 million to $126 million for the fiscal second quarter.
Tenable expects full-year earnings in the range of 24 cents to 28 cents per share, with revenue ranging from $520 million to $524 million.
Tenable shares have fallen 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $41.70, a climb of 68% 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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