Qualtrics: Q2 Earnings Snapshot

July 20, 2022 GMT

PROVO, Utah (AP) _ Qualtrics International Inc. (XM) on Wednesday reported a loss of $279.2 million in its second quarter.

The Provo, Utah-based company said it had a loss of 48 cents per share. Losses, adjusted for one-time gains and costs, were 4 cents per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The developer of application software posted revenue of $356.4 million in the period, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $344.9 million.

For the current quarter ending in October, Qualtrics expects its results to range from a loss of 4 cents per share to a loss of 2 cents per share.

The company said it expects revenue in the range of $358 million to $360 million for the fiscal third quarter.

Qualtrics expects full-year results to range from a loss of 9 cents per share to a loss of 7 cents per share, with revenue ranging from $1.42 billion to $1.43 billion.

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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 XM at https://www.zacks.com/ap/XM