Cision: 3Q Earnings Snapshot
CHICAGO (AP) _ Cision Ltd. (CISN) on Wednesday reported a loss of $6 million in its third quarter.
On a per-share basis, the Chicago-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.
The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 20 cents per share.
The media communication technology and analytics company posted revenue of $177.2 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $178.2 million.
Cision expects full-year earnings in the range of 83 cents to 85 cents per share, with revenue in the range of $724 million to $728 million.
Cision shares have increased 28 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.14, an increase of 21 percent in the last 12 months.