Pros Holding Sinks 21%, Beats On Q1 EPS But Short On Forecast

Shares of Pros Holding (PROS) slid over 20%, touching their lowest since January 2013, after the company beat with Q1 results but fell short with forward guidance.

The big-data provider reported adjusted Q1 EPS of $0.01 vs. $0.15 in the year-ago period, with revenues up 28% to $42.9 million. The Capital IQ estimate was a loss of $0.01 per share and revenues of $42.9 million.

For Q2, Pros forecast adjusted EPS of $0.03 to $0.05 on revenues of $45 million-$46 million. It forecast FY 2014 revenues of $190 million-$194 million.
The Capital IQ estimate was for Q2 adjusted EPS of $0.09 and revenues of $46.5 million. The Capital IQ FY 2014 revenue estimate was $190 million.

In midday trade, PRO was down 22% to $20.30 after trading as low as $19 earlier in the session, a mark last hit in January 2013.

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David Warren

David Warren is a serious tech aficionado. Five years ago he finished his studies at the California Institute of Technology, Caltech, where he earned a degree in Computer Science. Two years ago he got hired as a data protection analyst in an American multinational. When he’s bored with security protocols he enjoys writing reviews and previews of his favorite gadgets and games.