Pros Holdings: Q2 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Pros Holdings Inc. (PRO) on Tuesday reported a loss of $13.3 million in its second quarter.
The Houston-based company said it had a loss of 29 cents per share. Losses, adjusted for stock option expense and amortization costs, were 1 cent per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The pricing and revenue-management software maker posted revenue of $75.8 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $72.7 million.
For the current quarter ending in September, Pros Holdings expects its per-share earnings to range from 3 cents to 4 cents.
The company said it expects revenue in the range of $75 million to $76 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $68.1 million.
Pros Holdings expects full-year revenue in the range of $300 million to $302 million.
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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 PRO at https://www.zacks.com/ap/PRO