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Cornerstone OnDemand: 2Q Earnings Snapshot

SANTA MONICA, Calif. (AP) _ Cornerstone OnDemand Inc. (CSOD) on Monday reported a loss of $8.8 million in its second quarter.

On a per-share basis, the Santa Monica, California-based company said it had a loss of 15 cents. Earnings, adjusted for stock option expense and amortization costs, came to 19 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The developer of human-resources software posted revenue of $141.9 million in the period.

For the current quarter ending in October, Cornerstone OnDemand said it expects revenue in the range of $141 million to $143 million.

The company expects full-year revenue in the range of $566.5 million to $571 million.

Cornerstone OnDemand shares have climbed nearly 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $53.89, a climb of 6% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSOD at https://www.zacks.com/ap/CSOD