Pros Holdings: 4Q Earnings Snapshot
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.