AP NEWS

Pros Holdings: 4Q Earnings Snapshot

February 7, 2019

HOUSTON (AP) _ Pros Holdings Inc. (PRO) on Thursday reported a loss of $12.8 million in its fourth quarter.

The Houston-based company said it had a loss of 34 cents per share. Losses, adjusted for one-time gains and costs, were 6 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The pricing and revenue-management software maker posted revenue of $52.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $50.6 million.

For the year, the company reported that its loss narrowed to $64.2 million, or $1.86 per share. Revenue was reported as $197 million.

For the current quarter ending in April, Pros Holdings expects its results to range from a loss of 15 cents per share to a loss of 13 cents per share.

The company said it expects revenue in the range of $54 million to $55 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $53.9 million.

Pros Holdings expects full-year revenue in the range of $231 million to $233 million.

Pros Holdings shares have increased 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $36.19, an increase of 15 percent in the last 12 months.

_____

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

AP RADIO
Update hourly