Vertex: Q3 Earnings Snapshot

KING OF PRUSSIA, Pa. (AP) — KING OF PRUSSIA, Pa. (AP) — Vertex, Inc. (VERX) on Wednesday reported a loss of $46.6 million in its third quarter.

The King Of Prussia, Pennsylvania-based company said it had a loss of 29 cents per share. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The company posted revenue of $213.3 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $209.7 million.

For the current quarter ending in December, Vertex said it expects revenue in the range of $215 million to $217 million.

The company expects full-year revenue in the range of $828.9 million to $830.9 million.

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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 VERX at https://www.zacks.com/ap/VERX