By Connor Hart
Shares of Skillsoft jumped after the company raised its full-year outlook as its loss narrowed and it posted higher-than-expected revenue in its third quarter.
The stock rose 8.6%, to $15.99, in after-hours trading Tuesday. Shares, which ended the regular session 1.4% higher at $14.72, are down 16% since the beginning of the year, despite having gained 17% in the last three months.
The education-software company after the bell increased its full-year revenue outlook to between $520 million and $530 million from between $510 million and $525 million. It backed its adjusted earnings before interest, taxes, depreciation and amortization outlook of between $105 million and $110 million. Analysts surveyed by FactSet are expecting revenue of $517.1 million and adjusted Ebitda of $107.8 million.
In its recent quarter, Skillsoft reported a loss of $23.6 million, or $2.86 a share, compared with a loss of $27.7 million, or $3.45 a share, a year earlier.
On an adjusted basis, the company posted a loss of $1.82 a share for its three months ended Oct. 31. Analysts polled by FactSet were expecting an adjusted loss of $3 a share.
Revenue fell to $137.2 million from $139 million, but came in ahead of the $130 million that analysts were looking for, according to FactSet.
Chief Executive Ron Hovsepian said the recent quarter's results represent the first step in the company's transformation strategy.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
December 10, 2024 17:45 ET (22:45 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。