Fiverr: Q1 Earnings Snapshot
TEL AVIV, Israel (AP) _ Fiverr International Lt. (FVRR) on Wednesday reported a loss of $17 million in its first quarter.
On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 46 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 11 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The online marketplace for freelance services posted revenue of $86.7 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $86.4 million.
For the current quarter ending in July, Fiverr said it expects revenue in the range of $86 million to $87.5 million.
The company expects full-year revenue in the range of $345 million to $365 million.