DRAPER, Utah (AP) — DRAPER, Utah (AP) — Franklin Covey Co. (FC) on Wednesday reported a loss of $3.3 million in its fiscal first quarter.
The Draper, Utah-based company said it had a loss of 27 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, were 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The corporate training and consultanting company posted revenue of $64 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $64.7 million.
Franklin Covey expects full-year revenue in the range of $265 million to $275 million.
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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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