SALT LAKE CITY (AP) — Franklin Covey Co. (FC) on Thursday reported fiscal fourth-quarter earnings of $980,000.
The Salt Lake City-based company said it had net income of 7 cents per share. Earnings, adjusted for pretax expenses, came to 15 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The corporate training and consultanting company posted revenue of $49 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $47.9 million.
For the year, the company reported that its loss widened to $9.4 million, or 68 cents per share. Revenue was reported as $198.5 million.
Franklin Covey shares have dropped 42% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.85, a fall of 51% in the last 12 months.
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