Franklin Covey (FC) Misses Q3 EPS by 6c

Franklin Covey (NYSE: FC) reported Q3 EPS of $0.07, $0.06 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $48.3 million versus the consensus estimate of $51.65 million.

Revenue Outlook: The Company obtained some large contracts later than expected which were expected to generate revenue in both the third and fourth quarters. Due to the timing of the execution of these contracts, the revenue will be recorded primarily in the fourth quarter, with some revenue spread across future quarters, well into fiscal 2016. The Company’s prospective business pipeline for the fourth quarter of fiscal 2015 and the first quarter of fiscal 2016 improved significantly over the prior year. The Company anticipates that the conversion of a portion of the leads in the prospective business pipeline will produce strong revenue growth in the fourth quarter of fiscal 2015 and beyond.

For earnings history and earnings-related data on Franklin Covey (FC) click here.

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