TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Perion Network Ltd. (PERI) on Monday reported a loss of $3.5 million in its second quarter.
On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 8 cents. Earnings, adjusted for stock option expense and amortization costs, came to 26 cents per share.
The digital media company posted revenue of $103 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $101.5 million.
Perion Network expects full-year revenue in the range of $430 million to $450 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 PERI at https://www.zacks.com/ap/PERI
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