Webtoon: Q3 Earnings Snapshot

EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Webtoon Entertainment Inc. (WBTN) on Monday reported a loss of $8.4 million in its third quarter.

The El Segundo, California-based company said it had a loss of 6 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 2 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.

The online storytelling platform for comics and cartoons posted revenue of $362.8 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $368.5 million.

Webtoon expects full-year revenue in the range of $371 million to $381 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 WBTN at https://www.zacks.com/ap/WBTN