BOISE, Idaho (AP) — BOISE, Idaho (AP) — Clearwater Analytics Holdings Inc. (CWAN) on Wednesday reported fourth-quarter profit of $419.5 million.
On a per-share basis, the Boise, Idaho-based company said it had profit of $1.63. Earnings, adjusted for one-time gains and costs, came to 13 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The automated investment accounting software developer posted revenue of $126.5 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $120.4 million.
For the current quarter ending in March, Clearwater Analytics said it expects revenue in the range of $125 million.
The company expects full-year revenue in the range of $535.5 million to $542 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
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