Franklin Covey: Fiscal First Quarter Earnings Overview

Franklin Covey Reports First Quarter Financial Results

Franklin Covey Co., headquartered in Draper, Utah, announced a net loss of $3.3 million for its fiscal first quarter.

The company reported a per-share loss of 27 cents. However, after adjusting for one-time and restructuring expenses, earnings stood at 7 cents per share.

These adjusted earnings exceeded analyst expectations, as a consensus of three analysts polled by Zacks Investment Research had anticipated earnings of 3 cents per share.

During the quarter, the provider of corporate training and consulting services generated $64 million in revenue, falling short of the $64.7 million forecasted by analysts surveyed by Zacks.

Looking ahead, Franklin Covey projects its annual revenue to be between $265 million and $275 million.