Cornerstone OnDemand reports 4Q loss

Cornerstone OnDemand reports fourth-quarter loss but tops expectations

SANTA MONICA, Calif. (AP) _ Cornerstone OnDemand Inc. (CSOD) on Monday reported a loss of $18.6 million in its fourth quarter.

The Santa Monica, California-based company said it had a loss of 33 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were less than 1 cent on a per-share basis.

The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The developer of human-resources software posted revenue of $109 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $109.2 million.

For the year, the company reported that its loss narrowed to $66.8 million, or $1.20 per share. Revenue was reported as $423.1 million.

Cornerstone OnDemand expects full-year revenue in the range of $475 million to $485 million.

Cornerstone OnDemand shares have declined slightly more than 5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $40.02, a rise of 63 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSOD at https://www.zacks.com/ap/CSOD

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Keywords: Cornerstone OnDemand, Earnings Report

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