Business & Tech

Burlington Company Falls Short Of Wall Street Expectations

Endurance International Group Holdings Inc. reported a second-quarter loss.

BURLINGTON — Endurance International Group Holdings Inc. (EIGI) on Tuesday reported a loss of $39.1 million in its second quarter.

On a per-share basis, the Burlington-based company said it had a loss of 29 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

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The provider of cloud-based technology services posted revenue of $292.3 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $289.3 million.

Endurance International shares have declined 0.5 percent since the beginning of the year. The stock has climbed 3 percent in the last 12 months.

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