Cornerstone OnDemand: 2Q Earnings Snapshot
SANTA MONICA, Calif. (AP) _ Cornerstone OnDemand Inc. (CSOD) on Monday reported a loss of $12 million in its second quarter.
The Santa Monica, California-based company said it had a loss of 19 cents per share. Earnings, adjusted for non-recurring costs, came to 40 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The developer of human-resources software posted revenue of $184.4 million in the period.
For the current quarter ending in October, Cornerstone OnDemand said it expects revenue in the range of $187 million to $189 million.
The company expects full-year revenue in the range of $715 million to $720 million.
Cornerstone OnDemand shares have dropped 39% since the beginning of the year. In the final minutes of trading on Monday, shares hit $36, a decrease of 34% in the last 12 months.