India, March 5 -- Shares of experience management company Medallia, Inc. (MDLA) are down more than 25% Friday morning at $28.02. Thursday after the bell, the company had reported wider net loss for the fourth quarter.
Net loss for the quarter was $48.8 million, or $0.32 per share, compared with net loss of $31.9 million, or $0.25 per share, in the same period last year.
Excluding items, adjusted loss was $0.01 per share, that met the average estimate of analysts polled by Thomson Reuters at $0.01 loss per share.
Total revenue for the quarter was $128.0 million, an increase of 16% from the same period last year.
Looking forward, the company sees revenue of $126 million to $128 million for the first quarter, and $563 million to $567 milli...