Franklin Covey: Fiscal 1Q Earnings Snapshot
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.