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Pros Holdings: Q1 Earnings Snapshot
By Ap News - May 07, 2024, 04:48 PM ET
Last Updated - May 07, 2024, 04:48 PM EDT
HOUSTON (AP) — HOUSTON (AP) — Pros Holdings Inc. (PRO) on Tuesday reported a loss of $11.4 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 24 cents. Earnings, adjusted for stock option expense and amortization costs, were 4 cents per share.
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The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The pricing and revenue-management software maker posted revenue of $80.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $79.7 million.
For the current quarter ending in June, Pros Holdings said it expects revenue in the range of $80.5 million to $81.5 million.
The company expects full-year revenue in the range of $332 million to $334.5 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 PRO at https://www.zacks.com/ap/PRO
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