Rimini Street: Q4 Earnings Snapshot

Associated Press
Updated ·1 min read

LAS VEGAS (AP) _ Rimini Street, Inc. (RMNI) on Wednesday reported a loss of $3.1 million in its fourth quarter.

On a per-share basis, the Las Vegas-based company said it had a loss of 4 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 15 cents per share.

The company posted revenue of $87.8 million in the period.

For the year, the company reported that its loss widened to $13.8 million, or 19 cents per share. Revenue was reported as $326.8 million.

For the current quarter ending in April, Rimini Street said it expects revenue in the range of $87.5 million to $88.5 million.

The company expects full-year revenue in the range of $370 million to $380 million.

Rimini Street shares have increased 96% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.70, a climb of 99% 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 RMNI at https://www.zacks.com/ap/RMNI