Qlik Technologies Q2 Loss Widens

(RTTNews) - Software company Qlik Technologies Inc (QLIK) on Thursday reported second-quarter net loss of $13.0 million or $0.14 per share, wider than last year's loss of $10.2 million or $0.11 per share last year.

Adjusted loss for the quarter was $0.01 per share, compared to adjusted earnings of $0.02 per share last year.

Revenues for the quarter rose to $145.8 million from $131.6 million last year.

Analysts polled by Thomson Reuters estimated break even earnings for the quarter, on revenues of 136.62 million for the quarter. Analysts' estimates typically exclude one-time items.

Looking forward to the third quarter, the company expects adjusted earnings of $0.01 to $0.03 per share on revenues of $140.0 to $144.0 million. Analysts currently estimate earnings of $0.05 per share on revenues of $142.23 million for the quarter.

For the full year 2015, the company now expects adjusted earnings of $0.30 to $0.33 per share on revenues of $610.0 million to $620.0 million. Analysts currently estimate earnings of $0.35 per share on revenues of $608.34 million for the year.