Cornerstone OnDemand Earnings: Here’s Why Investors Don’t Like These Results
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.34%.
Cornerstone OnDemand, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.07 in the quarter versus EPS of $-0.09 in the year-earlier quarter.
Revenue: Rose 65.79% to $44.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cornerstone OnDemand, Inc. reported adjusted EPS loss of $0.07 per share. By that measure, the company missed the mean analyst estimate of $-0.06. It beat the average revenue estimate of $42.08 million.
Quoting Management: “In a quarter that saw many software companies come up short, Cornerstone recorded one of its best performances to date,” said Adam Miller, the Company’s President & CEO. “With our solution improving, global distribution capabilities expanding, and direct competition weakening, our momentum has continued to build and we are excited about the road ahead.”
Key Stats (on next page)…