SKIL rises 6.6% on higher '09 guidance and strong Q2 results
SkillSoft PLCʼs (Nasdaq:SKIL) stock climbed 6.6% this morning after the education software firm raised its 2009 guidance and reported second-quarter earnings that beat analystsʼ estimates.
For the quarter ended July 31, SkillSoft said before the bell this morning that it earned $12.9 million, or $0.12 per share. Analysts were expecting earnings per share of $0.05.
The strong results prompted the Nashua, N.H.-based firm set its financial expectations higher for the 2009 fiscal year.
Skillsoft is now targeting fiscal 2009 revenue to be in the range of $335 million to $338 million compared with a May guidance of between $329 million to $336 million. It also anticipates that its adjusted net income for fiscal 2009 will be between $38 million and $41 million, or $0.35 to $0.38 per share, compared with a previous estimate of $35 million to $38 million, or $0.32 to $0.35 per share.
By mid-morning, Skillsoft is at $10.54, up $0.65 from Thursday's close. The stock has traded between $7.75 and $11.42 during the past year.
For detailed price information and news stories on SkillSoft, click SKIL.
