Concur posts wider loss in first quarter

Concur Technologies Inc. (CNQR) Wednesday reported second-quarter net loss attributable to Concur of $7.6 million or $0.14 per share, wider than $4.8 million or $0.09 per share in the same period last year.

Adjusted pretax income attributable to Concur was $13.6 million or $0.24 per share, compared to $18.5 million or $0.33 per share in the comparable quarter last year.

On average, 21 analysts polled by Thomson Reuters expected the company to earn $0.16 per share for the quarter. Analysts’ estimates typically exclude special items.

Revenue for the latest second quarter was $127.37 million, up 17.5 percent from $108.39 million last year, while fourteen analysts expected revenues of $127.37 million.

Looking forward to the third quarter of 2013, the company expects Non-GAAP pre-tax income of $0.37 per share. Revenues are expected to grow approximately 23 percent year-over-year.

Analysts, based on consensus, currently expect the company to earn $0.24 per share on revenue of $139.13 million for the third quarter. For the fiscal year 2013, Concur expect pre-tax income of approximately $1.40 per share.

Revenues are anticipated to grow approximately 23 percent year-over-year. Analysts currently expect full-year earnings of $0.90 per share on revenues of $540.62 million.

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