Educational software developer
said its earnings took a dive in the second quarter, but they still exceeded estimates.
The company earned $4.8 million, or 5 cents a share, a penny above expectations of analysts surveyed by Thomson First Call. However, SkillSoft earned $22.9 million and 22 cents a share a year ago.
SkillSoft reported revenue of $55.7 million in its second fiscal quarter ended July 31, up 4% from $53.6 million in the year-ago period.
As a result of its performance in the first half, the company raised its full-year profit guidance to a range of 17 cents to 20 cents a share from the old range of 16 cents to 20 cents a share.
The company expects to bring in $218 million to $222 million in revenue for the year, compared with its previous forecast of $213.7 million to $218 million.
Shares of SkillSoft were down 2 cents at $5.87.