Franklin Covey Reports Fiscal 2018 Third Quarter Financial Results

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Go back to Franklin Covey Reports Fiscal 2018 Third Quarter Financial Results

Franklin Covey (FC) Tops Q3 EPS by 5c, Revenues Beat

June 27, 2018 4:11 PM EDT

Franklin Covey (NYSE: FC) reported Q3 EPS of ($0.18), $0.05 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $50.5 million versus the consensus estimate of $49.7 million.

Financial Overview

The following is a summary of key financial results for the quarter ended May 31, 2018:

Revenue: Consolidated revenue for the third quarter of fiscal 2018 increased 15% to $50.5 million, compared with $43.8 million in the third quarter of fiscal 2017. In addition to the recognition of previously deferred high-margin subscription revenues, the Companys sales were also favorably impacted by increased international direct office sales, increased U.S.... More