logo
Plus   Neg
Share
Email

Correction: Qlik Technologies Loss Widens; Lifts FY13 Outlook

Qlik Technologies Inc. (QLIK) posted first-quarter net loss of $13.2 million or $0.15 per share, wider than the net loss of $7.5 million or $0.09 per share in the year-ago quarter.

Non-GAAP net loss for the first quarter widened to $8.2 million or $0.09 per share from $2.6 million or $0.03 per share in the comparable quarter last year. On average, 19 analysts polled by Thomson Reuters expected the company to report a loss of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue rose 22 percent to $96.55 million from $79.16 million last year, while 17 analysts had consensus revenue estimate of $91.26 million for the quarter.

Looking ahead to the second quarter, QlikTech expects non-GAAP results to be between a loss per share of $0.02 and profit per share of $0.00 and total revenue to be in the range of $104.0 million to $108.0 million. Analysts currently expect the company to report second quarter loss per share of $0.02 on revenue of $104.82 million.

QlikTech expects 2013 non-GAAP net income per share to be in the range of $0.41 to $0.44 and total revenue to be in the range of $471.0 million to $481.0 million. Analysts expect the company to report fiscal 2013 profit per share of $0.40 on revenue of $471.90 million.

Earlier, the company expected non-GAAP net income per share to be in the range of $0.39 to $0.42 and total revenue to be in the range of $465.0 million to $475.0 million.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Canadian restaurant chain Tim Hortons woes seem to be only mounting. However, most of the company's troubles seem to be self-inflicted amid a public feud with its aggrieved franchisees, alleged deterioration in food quality, and falling share prices. Tim Hortons was acquired by Brazilian private equity firm 3G Capital for $12.5 billion in 2014. An unruly passenger was tasered, arrested and forcibly removed from an American Airlines flight on Sunday evening after he allegedly touched a female passenger inappropriately. Prior to takeoff, the boyfriend of the female passenger on the plane contacted authorities after the unruly passenger, Jacob Garcia, began touching her. Garcia was subsequently arrested by the police. Swiss banking giant UBS Group AG reported Monday higher profit in its first quarter with increased net interest income. The company said it has had an excellent start to 2018. However, UBS shares were trading around 3 percent lower in Switzerland. All of UBS's businesses are affected by economic growth expectations, interest rates, equity market levels and foreign exchange rates.
Follow RTT