Concur narrows its losses in fiscal fourth quarter

Concur Technologies, Inc. (CNQR) Wednesday reported a narrower loss for the fourth quarter, helped mainly by a healthy revenue growth. The company also provided an outlook for the first quarter as well as the full-year 2013, which are currently above analysts' expectations.

Net loss for the quarter improved to $8.4 million from $14.1 million last year. Net loss attributable to Concur totaled $8.2 million or $0.15 per share, compared to $14.0 million or $0.26 per share in the same period last year.

Adjusted pretax income attributable to Concur was $23.1 million or 0.40 per share, compared to $20.5 million or $0.37 per share last year.

On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.25 per share for the quarter. Analysts' estimates typically exclude special items.