Updated from 12:47 p.m. EDT
Shares of SkillSoft (SKIL Quote) were among the Nasdaq's winners Friday, leaping 13.9% after the company posted strong second-quarter profits and lifted its full-year revenue targets.
The company, a maker of e-learning products, reported second-quarter earnings of $12.4 million, or 11 cents a share, up from $4.8 million, or 5 cents a share, a year earlier. The results included several charges but still topped analysts' average estimate of 3 cents a share. Revenue climbed 28% to $71.5 million, exceeding analysts' forecast of $68.3 million.
For the full year, SkillSoft now expects revenue of $272 million to $280 million, up from a prior view of $234 million to $242 million. The company, however, cut its earnings-per-share forecast to a range of 19 cents to 21 cents from its previous projection of 30 cents to 33 cents, amid costs tied to its acquisition of rival NETg. Shares of SkillSoft closed up $1.09 to $8.92. ...
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