SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — ForgeRock Inc. (FORG) on Monday reported a loss of $25.4 million in its first quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 29 cents. Losses, adjusted for stock option expense and costs related to mergers and acquisitions, came to 9 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The digital identity and access management services provider posted revenue of $63.1 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $60.6 million.
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, source Associated Press News