5 Quarterly Reports Everyone is Talking About

4. New Relic, Inc. (NYSE:NEWR)

Number of Hedge Fund Holders: 37

Shares of New Relic, Inc. (NYSE:NEWR) hit a new 52-week low in the pre-market trading session on Friday, May 13, 2022, after posting a wider-than-expected loss for its fiscal fourth quarter.

New Relic, Inc. (NYSE:NEWR) reported an adjusted loss of 24 cents per share, narrower than 27 cents per share in the year-ago period. Revenue increased to $206 million, from $173 million in the comparable quarter of 2021. Analysts were looking for a loss of 21 cents per share on revenue of $204.52 million.

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For its fiscal first quarter, New Relic, Inc. (NYSE:NEWR) expects an adjusted loss in the range of 35 – 38 cents per share and revenue between $212 – $214 million. For its FY 2023, the company guided for an adjusted loss of 31 – 37 cents per share and revenue of $920 – $930 million.