Accolade: Fiscal Q1 Earnings Snapshot

SEATTLE (AP) — SEATTLE (AP) — Accolade, Inc. (ACCD) on Thursday reported a loss of $27.6 million in its fiscal first quarter.

The Seattle-based company said it had a loss of 35 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.

The company posted revenue of $110.5 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $105 million.

For the current quarter ending in August, Accolade said it expects revenue in the range of $104 million to $106 million.

The company expects full-year revenue in the range of $460 million to $475 million.

Accolade shares have declined 47% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.36, a decrease of 48% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACCD at https://www.zacks.com/ap/ACCD