Ping Identity: Q2 Earnings Snapshot
DENVER (AP) _ Ping Identity Holding Corp. (PING) on Wednesday reported a loss of $47.8 million in its second quarter.
The Denver-based company said it had a loss of 56 cents per share. Losses, adjusted for one-time gains and costs, came to 34 cents per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The software company posted revenue of $72 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $73.3 million.