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UPDATE: Concur Tech Posts Wider Q1 Loss, Issues Downbeat Q2 Forecast

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Concur Technologies (NASDAQ: CNQR) posted a wider first-quarter loss and issued a downbeat second-quarter revenue forecast.

For the current quarter, Concur projects adjusted earnings of $0.24 per share on revenue growth of 19%. However, analysts expected earnings of $0.21 per share on revenue growth of 22%.

Concur posted a quarterly loss of $12 million, or $0.22 per share, versus a year-ago loss of $868,000, or $0.02 per share. Excluding other items, its earnings dropped to $0.30 from $0.32 per share.

Its revenue climbed 22% to $122.8 million. Concur in November had expected earnings of $0.30 per share on revenue growth of 21%.

Concur shares dropped 6.27% to $68.00 in after-hours trading.

Posted-In: profitEarnings News Guidance

 

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