Franklin Covey: Fiscal 1Q Earnings Snapshot
SALT LAKE CITY (AP) _ Franklin Covey Co. (FC) on Thursday reported a loss of $892,000 in its fiscal first quarter.
On a per-share basis, the Salt Lake City-based company said it had a loss of 6 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The corporate training and consultanting company posted revenue of $48.3 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $48 million.
Franklin Covey shares have risen 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $24.72, a fall of 26% in the last 12 months.