Cornerstone OnDemand: 3Q Earnings Snapshot
SANTA MONICA, Calif. (AP) _ Cornerstone OnDemand Inc. (CSOD) on Wednesday reported a loss of $2.4 million in its third quarter.
The Santa Monica, California-based company said it had a loss of 4 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 24 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The developer of human-resources software posted revenue of $134 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $130 million.
For the current quarter ending in December, Cornerstone OnDemand said it expects revenue in the range of $128 million to $131 million.
The company expects full-year revenue in the range of $528 million to $531 million.
Cornerstone OnDemand shares have increased 45 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51.07, a climb of 37 percent in the last 12 months.