Pros Holdings: 1Q Earnings Snapshot
HOUSTON (AP) _ Pros Holdings Inc. (PRO) on Tuesday reported a loss of $22.7 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 53 cents. Losses, adjusted for stock option expense and pretax expenses, were 23 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 23 cents per share.
The pricing and revenue-management software maker posted revenue of $66.3 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $64.6 million.
For the current quarter ending in July, Pros Holdings expects its results to range from a loss of 22 cents per share to a loss of 20 cents per share.
The company said it expects revenue in the range of $60 million to $61 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $65.3 million.
Pros Holdings shares have decreased 44% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33.31, a drop of 36% in the last 12 months.