Confluent: Q2 Earnings Snapshot

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MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Confluent Inc. (CFLT) on Wednesday reported a loss of $89.9 million in its second quarter.

On a per-share basis, the Mountain View, California-based company said it had a loss of 28 cents. Earnings, adjusted for one-time gains and costs, were 6 cents per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The data infrastructure software maker posted revenue of $235 million in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $229.5 million.

For the current quarter ending in September, Confluent expects its per-share earnings to be 5 cents.

The company expects full-year earnings to be 20 cents per share.

Confluent shares have climbed 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $25.33, a decline of 27% 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 CFLT at https://www.zacks.com/ap/CFLT