Skillsoft (SKIL) Misses Q2 EPS by 58c
Skillsoft (NYSE: SKIL) reported Q2 EPS of ($0.74), $0.58 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $140.6 million versus the consensus estimate of $183.86 million.
Outlook Commentary:
We are revising our outlook ranges to reflect the sale of SumTotal, foreign exchange impact, lower fundamentals primarily due to the performance of our transactional Global Knowledge business, and some macro-economic uncertainty.
Full Year Fiscal 2023 Outlook2 ($ in millions)
| Previous | SumTotal | Foreign | Lower | Updated |
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Bookings | $790 to $825 | ($127) | ($15) | ($70) | $580 to $615 |
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Adjusted Revenue | $765 to $790 | ($123) | ($15) | ($70) | $545 to $580 |
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Adjusted EBITDA | ~ $167 | ($37) | ($4) | ($20) | $105 to $125 |
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For earnings history and earnings-related data on Skillsoft (SKIL) click here.