Fiverr: Q2 Earnings Snapshot
TEL AVIV, Israel (AP) _ Fiverr International Lt. (FVRR) on Thursday reported a loss of $41.9 million in its second quarter.
On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of $1.13. Earnings, adjusted for non-recurring costs and stock option expense, were 12 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The online marketplace for freelance services posted revenue of $85 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $86.6 million.
For the current quarter ending in October, Fiverr said it expects revenue in the range of $80.5 million to $82.5 million.
The company expects full-year revenue in the range of $332 million to $340 million.