MicroStrategy Slips To Loss On Expenses, Revenue Beats

(RTTNews) - MicroStrategy Inc (MSTR), a provider of enterprise software platforms, Monday reported third-quarter net loss of $0.8 million or $0.07 per share compared with a profit of $17 million or $0.52 per share last year.

Excluding items, adjusted earnings for the quarter were $8.5 million compared with $12.1 million a year ago.

Analysts polled by Thomson Reuters estimated a loss of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Results for the quarter included restructuring charges of $11.6 million. The company expects related charges of $6.8 million in the fourth quarter.

Revenues for the quarter were up 7% at $151.2 million compared with $141.9 million in the prior year. Analysts estimated revenues of $147.2 million.