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ServiceSource: 3Q Earnings Snapshot

November 7, 2018

DENVER (AP) _ ServiceSource International Inc. (SREV) on Wednesday reported a loss of $6.6 million in its third quarter.

On a per-share basis, the Denver-based company said it had a loss of 7 cents. Earnings, adjusted for one-time gains and costs, came to 1 cent per share.

The service revenue management software company posted revenue of $57.2 million in the period.

For the current quarter ending in December, ServiceSource expects its per-share earnings to range from 2 cents to 4 cents.

The company said it expects revenue in the range of $60 million to $63 million for the fiscal fourth quarter.

ServiceSource expects full-year earnings in the range of 3 cents to 4 cents per share, with revenue ranging from $237 million to $240 million.

In the final minutes of trading on Wednesday, the company’s shares hit $1.38. A year ago, they were trading at $3.46.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SREV at https://www.zacks.com/ap/SREV

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