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Ping Identity: Q1 Earnings Snapshot

May 4, 2022 GMT

DENVER (AP) _ Ping Identity Holding Corp. (PING) on Wednesday reported a loss of $20.3 million in its first quarter.

The Denver-based company said it had a loss of 24 cents per share. Losses, adjusted for one-time gains and costs, were 6 cents per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The software company posted revenue of $84.7 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $80.6 million.

For the current quarter ending in July, Ping Identity said it expects revenue in the range of $70 million to $75 million.

The company expects full-year revenue in the range of $332 million to $342 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 PING at https://www.zacks.com/ap/PING