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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Cloudflare, Inc. (NET) on Thursday reported a loss of $38.5 million in its first quarter.
The San Francisco-based company said it had a loss of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share.
The web security and content delivery company posted revenue of $479.1 million in the period, surpassing Street forecasts. Ten analysts surveyed by Zacks expected $468.7 million.
For the current quarter ending in June, Cloudflare expects its per-share earnings to be 18 cents.
The company said it expects revenue in the range of $500 million to $501 million for the fiscal second quarter.
Cloudflare expects full-year earnings in the range of 79 cents to 80 cents per share, with revenue expected to be $2.09 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 NET at https://www.zacks.com/ap/NET