Investor Alert

New York Markets Open in:

Market Pulse Archives

Feb. 12, 2019, 4:43 p.m. EST

Cornerstone shares decline after earnings beat, tepid outlook

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Cornerstone OnDemand Inc. (CSOD)

or Cancel Already have a watchlist? Log In

By Wallace Witkowski


Cornerstone OnDemand Inc. /zigman2/quotes/201253732/composite CSOD +2.97% shares fell in the extended session Tuesday after the human capital management software provider's quarterly results topped Wall Street estimates but the top-end of its forecast revenue range just met analyst expectations. Cornerstone shares fell 6.8% after hours, following a 1.3% rise to close the regular session at $60.11. The company reported a fourth-quarter loss of $3.2 million, or 5 cents a share, compared with a loss of $9 million, or 16 cents a share, in the year-ago period. Adjusted earnings were 24 cents a share. Revenue rose to $138.2 million from $132 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 23 cents a share on revenue of $138.2 million. For the first quarter, Cornerstone expects revenue between $134.5 million and $136.5 million, while analysts on average had forecast revenue of $136.5 million.

US : U.S.: Nasdaq
$ 41.94
+1.21 +2.97%
Volume: 466,242
June 3, 2020 4:00p
P/E Ratio
Dividend Yield
Market Cap
$2.68 billion
Rev. per Employee

Get news alerts on Cornerstone OnDemand Inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.