PROS Holdings 1Q net earnings in line with analyst expectations

PROS Holdings Inc. late Thursday reported net earnings of $2.57 million, or 10 cents a share, in line with the mean estimate of analysts polled by Thomson Reuters.

Net income in the prior-year period was $2.3 million, or 11 cents a share.

On an adjusted basis the company posted first-quarter earnings of $3.16 million, or 12 cents a share, versus $2.38 million, or 11 cents a share, a year ago.

Revenue for the quarter ended March 31 rose to $17.9 million from $13.5 million a year earlier, versus the mean Street view of $17.7 million.

The Houston-based provider of pricing and revenue optimization software sees second-quarter net earnings of 7 cents to 8 cents a share and an adjusted profit of 10 cents a share on revenue of $18.3 million to $18.5 million.

It expects full-year net earnings of 35 cents to 37 cents a share and an adjusted profit of 45 cents to 47 cents a year on revenue of $76 million to $78 million.

Analysts were expecting second-quarter earnings of 10 cents on revenue of $18.4 million and a full-year profit of 45 cents on revenue of $77.4 million.

The stock closed the regular session down 27 cents at $12.47 but rose 9% to $13.59 in after-hours trading. Brigid Gaffikin bg/gm

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

MMMM