AP NEWS

Franklin Covey: Fiscal 1Q Earnings Snapshot

January 9, 2020 GMT

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.

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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 FC at https://www.zacks.com/ap/FC