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GIVATAYIM, Israel (AP) — GIVATAYIM, Israel (AP) — Similarweb Ltd. (SMWB) on Tuesday reported a loss of $9.3 million in its first quarter.
On a per-share basis, the Givatayim, Israel-based company said it had a loss of 11 cents. Losses, adjusted for stock option expense, were 5 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The digital intelligence company posted revenue of $67.1 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $66.4 million.
For the current quarter ending in June, Similarweb said it expects revenue in the range of $68.6 million to $69 million.
The company expects full-year revenue in the range of $285 million to $288 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 SMWB at https://www.zacks.com/ap/SMWB