Market Features
SkillSoft Boosts Full-year Guidance
NASHUA, N.H. (AP) — Education software company SkillSoft PLC raised its full-year profit and sales outlook Thursday after posting fiscal second-quarter results above Wall Street's expectations.
The company also forecast third-quarter adjusted earnings between 12 cents and 14 cents per share on sales of $76 million to $77.5 million. Analysts, on average, are expecting a profit of 13 cents per share on sales of $76.4 million, according to a poll by Thomson Reuters. For the full year, SkillSoft expects adjusted earnings of 59 cents to 62 cents per share, up from its earlier outlook of 55 cents to 58 cents per share. It is now forecasting sales of $307 million to $310 million, up from its prior forecast of $300 million to $310 million in sales. Analysts are expecting a profit of 58 cents per share, on sales of $305.6 million. Shares rose 58 cents, or 6.5 percent, to $9.50 in after-hours trading. The stock had closed up 17 cents at $8.92.TheStreet Premium Services
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