MicroStrategy Q1 Loss From Cont. Ops., Net Of Tax, Widens; Revenue Up 6%

(RTTNews) - MicroStrategy Incorporated (MSTR) reported that its first-quarter loss from continuing operations, net of tax, widened to $6.48 million, from a loss of $5.19 million, a year ago. Loss per share from continuing operations was $0.57, compared to a loss of $0.46. Non-GAAP loss from continuing operations was $6.7 million, for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items. Net loss was $6.5 million, or $0.57 per share compared to net income of $51.6 million or $4.57 per share, previous year. The company's prior year quarter results included a $57.4 million after-tax gain associated with the Angel.com sale.

Revenues increased to $137.9 million from $130.2 million. Analysts expected revenue of $142.07 million for the quarter.