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

Cornerstone shares decline after earnings beat, tepid outlook

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By Wallace Witkowski

CSOD

Cornerstone OnDemand Inc. /zigman2/quotes/201253732/composite CSOD +1.05% 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.

/zigman2/quotes/201253732/composite
US : U.S.: Nasdaq
$ 54.73
+0.57 +1.05%
Volume: 19,088
Oct. 21, 2019 10:19a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.29 billion
Rev. per Employee
$275,418
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