Franklin Covey Stock Falls After Hours After Cutting Revenue Guidance Despite Higher Profit: Here’s What’s Going On
Franklin Covey Co. (NYSE: FC ) shares fell sharply in after-hours trading on Wednesday after the company lowered its full-year revenue guidance, overshadowing stronger profit growth and improved adjusted EBITDA in its third-quarter fiscal 2026 results. FC closed Wednesday’s regular session at $24.99, up 1.88%. In after-hours trading, shares fell to $20.45, down 18.17%. Franklin Covey is a leadership and organizational performance company focused on corporate training, execution solutions and subscription-based learning services. Guidance Cut Pressures Shares Franklin Covey reported third-quarter revenue of $67.8 million, up 1% from $67.1 million in the prior-year quarter. Net income improved to $3.1 million, or 27 cents per diluted share, compared with a net loss of $1.4 million, or 11 cents per share, a year earlier. Adjusted EBITDA rose 14% year over year to $8.3 million. Despite th...
Franklin Covey Co. (NYSE: FC ) shares fell sharply in after-hours trading on Wednesday after the company lowered its full-year revenue guidance, overshadowing stronger profit growth and improved adjusted EBITDA in its third-quarter fiscal 2026 results. 88%. 17%.
Franklin Covey is a leadership and organizational performance company focused on corporate training, execution solutions and subscription-based learning services. 1 million in the prior-year quarter. 4 million, or 11 cents per share, a year earlier. 3 million.
Despite the improved profitability, investors appeared focused on weaker forward guidance. The company lowered fiscal 2026 revenue guidance to a range of $260 million to $267 million from prior guidance of $265 million to $275 million. Franklin Covey said the revised outlook reflects delayed delivery related to a large enterprise contract, state budget cuts affecting a major education client and continued geopolitical pressures in international markets. CEO Paul Walker said the company continues to see strong momentum in Enterprise North America despite near-term headwinds in the Education segment.
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Since the year began, the stock has shot up over 50%. Edge Stock Rankings indicate positive short-term, medium-term and long-term price trends. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. com