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AUSTIN, Texas (AP) _ SailPoint Technologies Holdings Inc. (SAIL) reported a third quarter loss of $ 19.9 million on Tuesday.
The Austin, Texas-based company said it suffered a loss of 21 cents a share. Profit, adjusted for stock option expenses and one-time costs, was less than 1 cent per share.
The average estimate of seven analysts polled by Zacks Investment Research was of a loss of 6 cents per share.
The developer of identity governance software reported $ 110.1 million in revenue during the period, also beating Street’s forecast. Five analysts polled by Zacks expected $ 103.5 million.
For the current quarter ending in December, SailPoint Technologies expects its results to vary from a loss of 8 cents per share to a loss of 6 cents per share.
The company said it expects revenue in the range of $ 112 to $ 114 million for the fiscal fourth quarter.
SailPoint Technologies expects annual results to vary from a loss of 7 cents per share to a loss of 6 cents per share, with revenues ranging from $ 415.5 million to $ 417.5 million.
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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 SAIL at https://www.zacks.com/ap/SAIL
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