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Similarweb: Q1 Earnings Snapshot

Associated Press Finance
·1-min read

GIVATAYIM, Israel (AP) — GIVATAYIM, Israel (AP) — Similarweb Ltd. (SMWB) on Tuesday reported a loss of $2.7 million in its first quarter.

The Givatayim, Israel-based company said it had a loss of 3 cents per share. Earnings, adjusted for stock option expense, were 1 cent per share.

The digital intelligence company posted revenue of $59 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $58.8 million.

For the current quarter ending in June, Similarweb said it expects revenue in the range of $60 million to $60.5 million.

The company expects full-year revenue in the range of $242 million to $246 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 SMWB at https://www.zacks.com/ap/SMWB