Franklin Covey: Fiscal 1Q Earnings Snapshot
SALT LAKE CITY (AP) _ Franklin Covey Co. (FC) on Thursday reported a fiscal first-quarter loss of $544,000, after reporting a profit in the same period a year earlier.
On a per-share basis, the Salt Lake City-based company said it had a loss of 4 cents.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The corporate training and consultanting company posted revenue of $58.6 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $57.4 million.
Franklin Covey shares have increased roughly 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $33.50, a climb of 48% in the last 12 months.