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Pros Holdings: 2Q Earnings Snapshot

HOUSTON (AP) _ Pros Holdings Inc. (PRO) on Thursday reported a loss of $16.8 million in its second quarter.

The Houston-based company said it had a loss of 52 cents per share. Losses, adjusted for stock option expense and amortization costs, were 16 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The pricing and revenue-management software maker posted revenue of $47.4 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $46.3 million.

For the current quarter ending in October, Pros Holdings expects its results to range from a loss of 20 cents per share to a loss of 18 cents per share.

The company said it expects revenue in the range of $47.5 million to $48.5 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $46.6 million.

Pros Holdings expects full-year revenue in the range of $192 million to $194 million.

Pros Holdings shares have risen 44 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $38.08, a climb of 29 percent 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 PRO at https://www.zacks.com/ap/PRO