Zix: 4Q Earnings Snapshot

DALLAS (AP) _ Zix Corp. (ZIXI) on Thursday reported a loss of $2.9 million in its fourth quarter.

On a per-share basis, the Dallas-based company said it had a loss of 10 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 12 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The e-mail encryption company posted revenue of $57.9 million in the period.

For the year, the company reported that its loss narrowed to $6.4 million, or 29 cents per share. Revenue was reported as $218.5 million.

For the current quarter ending in April, Zix expects its per-share earnings to range from 15 cents to 16 cents.

The company said it expects revenue in the range of $58.7 million to $59.8 million for the fiscal first quarter.

Zix expects full-year earnings in the range of 58 cents to 60 cents per share, with revenue ranging from $244 million to $248.5 million.

Zix shares have climbed slightly more than 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.26, a climb of roughly 6% 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 ZIXI at https://www.zacks.com/ap/ZIXI