MOUNTAIN VIEW, Calif. – In a story April 30 about MobiIeIron Inc.’s earnings, The Associated Press reported that the company’s revenue forecast was for the current fiscal quarter ending in June. Its projected revenue in a range of $141.8 million to $151.8 million was for the full year ending in December.
A corrected version of the story is below:
MobileIron reports 1Q loss
MobileIron reports first-quarter loss, misses expectations
MobileIron Inc. (MOBL) on Thursday reported a loss of $21 million in its first quarter.
On a per-share basis, the Mountain View, California-based company said it had a loss of 27 cents. Losses, adjusted for one-time gains and costs, came to 21 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The IT company for mobile applications industry posted revenue of $33.5 million in the period, which matched Street forecasts.
For its fiscal year ending in December, MobileIron said it expects revenue in the range of $141.8 million to $151.8 million.
MobileIron shares have decreased 40 per cent since the beginning of the year.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOBL at http://www.zacks.com/ap/MOBL
Keywords: MobileIron, Earnings Report