Cision: 2Q Earnings Snapshot
CHICAGO (AP) _ Cision Ltd. (CISN) on Wednesday reported a loss of $6.5 million in its second quarter.
The Chicago-based company said it had a loss of 5 cents per share. Earnings, adjusted for non-recurring costs, were 23 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The media communication technology and analytics company posted revenue of $187.5 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $181.9 million.
Cision expects full-year earnings in the range of 83 cents to 85 cents per share, with revenue in the range of $722 million to $730 million.
Cision shares have risen 32 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.69, an increase of 45 percent in the last 12 months.