Qualtrics: Q2 Earnings Snapshot
July 20, 2021Updated July 20, 2021 3:35 p.m.
PROVO, Utah (AP) _ Qualtrics International Inc. (XM) reported a loss of $ 263.5 million in the second quarter on Tuesday.
The Provo, Utah-based company reported a loss of 51 cents per share. Adjusted for stock option expenses and pre-tax expenses, earnings were 4 cents per share.
The results exceeded Wall Street’s expectations. The average estimate by nine analysts surveyed by Zacks Investment Research was a loss of 2 cents per share.
The application software developer had sales of $ 249.3 million in the reporting period, also beating Street’s forecasts. Seven analysts surveyed by Zacks expected $ 241.6 million.
For the current quarter, which ends in October, Qualtrics expects a result of a loss of 3 cents per share to a loss of 1 cent per share.
The company expects third quarter revenues to be between $ 257 million and $ 259 million.
Qualtrics expects full year sales of $ 1.01 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XM at https://www.zacks.com/ap/XM