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Franklin Covey: Fiscal 1Q Earnings Snapshot

January 7, 2021 GMT

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.

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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