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First Advantage reports Q1 loss but beats expectations with growing revenue and optimistic forecasts.
First Advantage Corp. reported a first-quarter loss of $41.2 million but beat expectations with earnings of 17 cents per share and $354.6 million in revenue.
The company, which provides background checks and identity verification services, expects full-year earnings between 86 cents and $1.03 per share, with revenue between $1.5 billion and $1.6 billion.
Despite a net loss, First Advantage saw strong year-over-year revenue growth and is forecasting continued growth.
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First Advantage reporta pérdidas en el primer trimestre, pero supera las expectativas con ingresos crecientes y pronósticos optimistas.