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Pluralsight: 2Q Earnings Snapshot

FARMINGTON, Utah (AP) _ Pluralsight Inc. (PS) on Wednesday reported a loss of $29.4 million in its second quarter.

On a per-share basis, the Farmington, Utah-based company said it had a loss of 30 cents. Losses, adjusted for one-time gains and costs, were 6 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The online education company posted revenue of $75.9 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $73.8 million.

For the current quarter ending in October, Pluralsight expects its results to range from a loss of 15 cents per share to a loss of 13 cents per share.

The company said it expects revenue in the range of $79.5 million to $80 million for the fiscal third quarter.

Pluralsight expects full-year results to range from a loss of 42 cents per share to a loss of 38 cents per share, with revenue ranging from $312 million to $318 million.

Pluralsight shares have climbed 30% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $30.69, a climb of 32% 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 PS at https://www.zacks.com/ap/PS