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.