PROS Holdings Inc. Q3 Loss Decreases, beats estimates

(RTTNews) - PROS Holdings Inc. (PRO) reported Loss for third quarter that decreased from the same period last year but missed the Street estimates.

The company's bottom line came in at -$13.85 million, or -$0.31 per share. This compares with -$17.53 million, or -$0.39 per share, in last year's third quarter.

Excluding items, PROS Holdings Inc. reported adjusted earnings of -$2.88 million or -$0.06 per share for the period.

Analysts on average had expected the company to earn -$0.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.3% to $70.35 million from $62.67 million last year.

PROS Holdings Inc. earnings at a glance (GAAP) :

-Earnings (Q3): -$13.85 Mln. vs. -$17.53 Mln. last year. -EPS (Q3): -$0.31 vs. -$0.39 last year. -Analyst Estimates: -$0.17 -Revenue (Q3): $70.35 Mln vs. $62.67 Mln last year.

-Guidance: Full year revenue guidance: $273.75 -$274.75 Mln