Pluralsight: 1Q Earnings Snapshot

FARMINGTON, Utah (AP) _ Pluralsight Inc. (PS) on Wednesday reported a loss of $35.3 million in its first quarter.

On a per-share basis, the Farmington, Utah-based company said it had a loss of 34 cents. Losses, adjusted for one-time gains and costs, came to 9 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 14 cents per share.

The online education company posted revenue of $92.6 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $88.3 million.

For the current quarter ending in July, Pluralsight expects its results to range from a loss of 13 cents per share to a loss of 11 cents per share.

The company said it expects revenue in the range of $87.5 million to $89 million for the fiscal second quarter.

Pluralsight expects full-year results to range from a loss of 44 cents per share to a loss of 31 cents per share, with revenue ranging from $365 million to $390 million.

Pluralsight shares have fallen 4.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.44, a decrease of 52% 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 PS at https://www.zacks.com/ap/PS