CHICAGO (AP) _ Cision Ltd. (CISN) on Thursday reported third-quarter net income of $2.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Chicago-based company said it had net income of 2 cents. Earnings, adjusted for one-time gains and costs, were 21 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The media communication technology and analytics company posted revenue of $185.7 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $189.6 million.
Cision shares have decreased 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.10, a decline of 33% in the last 12 months.