Franklin Covey: Fiscal Q3 Earnings Snapshot
Posted June 30, 2021 1:26 pm.
Last Updated June 30, 2021 2:34 pm.
SALT LAKE CITY (AP) _ Franklin Covey Co. (FC) on Wednesday reported fiscal third-quarter net income of $12.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Salt Lake City-based company said it had net income of 90 cents. Earnings, adjusted for pretax gains, were 18 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The corporate training and consultanting company posted revenue of $58.7 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $51.6 million.
Franklin Covey shares have increased 47% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.63, a rise of 52% 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
The Associated Press
