Duck Creek: Fiscal Q4 Earnings Snapshot

BOSTON (AP) _ Duck Creek Technologies, Inc. (DCT) on Thursday reported a loss of $5.6 million in its fiscal fourth quarter.

The Boston-based company said it had a loss of 4 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 2 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The company posted revenue of $70.9 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $69.1 million.

For the year, the company reported that its loss narrowed to $16.9 million, or 13 cents per share. Revenue was reported as $260.4 million.

For the current quarter ending in December, Duck Creek said it expects revenue in the range of $68 million to $70 million.

The company expects full-year revenue in the range of $292 million to $300 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 DCT at https://www.zacks.com/ap/DCT