May 6, 2021Updated: May 6, 2021 5:58 a.m.
TEL AVIV, Israel (AP) _ Fiverr International Lt. (FVRR) on Thursday reported a loss of $17.8 million in its first quarter.
On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 49 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The online marketplace for freelance services posted revenue of $68.3 million in the period.
For the current quarter ending in July, Fiverr said it expects revenue in the range of $73 million to $75 million.
The company expects full-year revenue in the range of $302 million to $308 million.
Fiverr shares have fallen almost 6% since the beginning of the year. The stock has more than quadrupled in the last 12 months.
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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 FVRR at https://www.zacks.com/ap/FVRR
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