MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Elastic NV (ESTC) on Thursday reported a loss of $16.7 million in its fiscal first quarter.

The Mountain View, California-based company said it had a loss of 16 cents per share. Earnings, adjusted for one-time gains and costs, were 70 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The software developer posted revenue of $478.1 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $469.6 million.

For the current quarter ending in October, Elastic expects its per-share earnings to range from 80 cents to 82 cents.

The company said it expects revenue in the range of $486 million to $487 million for the fiscal second quarter.

Elastic expects full-year earnings in the range of $3.29 to $3.37 per share, with revenue ranging from $2 billion to $2.01 billion.

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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 ESTC at https://www.zacks.com/ap/ESTC