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Franklin Covey: Fiscal 1Q Earnings Snapshot

January 9, 2019

SALT LAKE CITY (AP) _ Franklin Covey Co. (FC) on Wednesday reported a loss of $1.4 million in its fiscal first quarter.

The Salt Lake City-based company said it had a loss of 10 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.

The corporate training and consultanting company posted revenue of $53.8 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $51.2 million.

Franklin Covey shares have climbed almost 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.69, a fall of 23 percent in the last 12 months.

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

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