Clearwater Analytics: Q3 Earnings Snapshot

BOISE, Idaho (AP) — BOISE, Idaho (AP) — Clearwater Analytics Holdings Inc. (CWAN) on Wednesday reported a loss of $1.9 million in its third quarter.

On a per-share basis, the Boise, Idaho-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The automated investment accounting software developer posted revenue of $94.7 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $92.1 million.

For the current quarter ending in December, Clearwater Analytics said it expects revenue in the range of $98.5 million.

The company expects full-year revenue of $367.6 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 CWAN at https://www.zacks.com/ap/CWAN