Franklin Covey: Fiscal 4Q Earnings Snapshot
SALT LAKE CITY (AP) _ Franklin Covey Co. (FC) on Thursday reported fiscal fourth-quarter earnings of $1.8 million.
The Salt Lake City-based company said it had net income of 13 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The corporate training and consultanting company posted revenue of $64.8 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $66.6 million.
For the year, the company reported that its loss narrowed to $5.9 million, or 43 cents per share. Revenue was reported as $209.8 million.
Franklin Covey shares have risen 8.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.51, a climb of 20 percent in the last 12 months.