Guidance Software, Inc. (GUID) reported a net loss for the first quarter of $6.5 million or $0.26 per share, compared to a net loss of $3.6 million or $0.15 per share for the year-ago quarter.
Excluding share-based compensation and amortization of intangibles, the company reported an adjusted pre-tax net loss of $3.9 million or $0.15 per share for the first quarter, compared to adjusted pre-tax net income of $0.6 million or $0.02 per share in the prior year quarter.
Revenue for the first quarter grew to $26.9 million from $26.0 million a year ago, while adjusted revenue rose to $27.2 million from $26.2 million last year
Analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share on revenue of $30.20 million for the first quarter. Analysts' estimates typically exclude special items.
For the full year 2013, the company now forecasts revenue of $133 million to $138 million and adjusted pre-tax results of $0.20 per share loss to breakeven or $0.00 per share. Analysts currently expect the company to earn $0.30 per share on revenue of $146.06 million for the full year 2013.
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