Fiverr: 3Q Earnings Snapshot

Associated Press
Updated ·1 min read

TEL AVIV, Israel (AP) _ Fiverr International Lt. (FVRR) on Wednesday reported a loss of $454,000 in its third quarter.

On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 1 cent. Earnings, adjusted for stock option expense and amortization costs, were 12 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The online marketplace for freelance services posted revenue of $52.3 million in the period.

For the current quarter ending in December, Fiverr said it expects revenue in the range of $52.4 million to $53.4 million.

The company expects full-year revenue in the range of $186 million to $187 million.

Fiverr shares have risen sixfold since the beginning of the year. The stock has increased sixfold 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 FVRR at https://www.zacks.com/ap/FVRR