Cornerstone OnDemand Q2 Loss Widens

(RTTNews) - Cornerstone OnDemand, Inc. (CSOD) Wednesday said second-quarter loss widened to $16.6 million or $0.31 per share from $8.7 million or $0.17 per share in the same period last year.

Adjusted loss for the quarter was $5.9 million or $0.11 per share, wider than $3.5 million or $0.07 per share in the prior year quarter. On average, 14 analysts polled by Thomson Reuters expected the company to report a loss of $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 39 percent to $61.47 million from $44.35 million last year. Analysts expected revenues of $63.57 million.