Pluralsight (PS, $18.77) reports lower-than-expected Q2 billings; issues guidance below analysts' forecast
Pluralsight’s second-quarter billings came in lower than expected, while the company issued guidance below analysts’ forecasts.
The online tech education company reported second-quarter loss of -30 cents a share, wider than the year-ago quarter’s loss of -19 cents a share. Adjusted losses came in at -6 cents a share, compared to analysts’ expectations of adjusted earnings of 14 cents a share.
Revenue grew to $75.9 million, from $53.6 million in the year-ago period, and was higher than analysts’ estimate of $73.8 million.
But Pluralsight’s second-quarter billings of $80.6 million came in below the expected $89.1 million.
For the third quarter, Pluralsight has projected revenue of $79.5 million to $80 million - a range lower than the $82.6 million forecasted by analysts.
The company expects third-quarter adjusted loss per share of -13 cents to -15 cents per share, compared to the consensus estimate of an -11 cent loss.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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