SEATTLE (AP) — SEATTLE (AP) — Accolade, Inc. (ACCD) on Friday reported a loss of $121.3 million in its fiscal third quarter.
On a per-share basis, the Seattle-based company said it had a loss of $1.50. Losses, adjusted for asset impairment costs, were 30 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.
The company posted revenue of $105.1 million in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $106 million.
Accolade shares have more than doubled since the beginning of the year. The stock has decreased 54% in the last 12 months.
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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 ACCD at https://www.zacks.com/ap/ACCD
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