Why Franklin Covey Stock Plummeted Today
Yahoo Finance ·
Franklin Covey ( FC 12.85% ) stock got hit with a double-digit pullback in Thursday's trading. The company's share price closed out the day down 12.9%. The S&P 500 ended the day roughly flat, and the Nasdaq Composite ended the session down 0.8%. After the market closed on July 1, Franklin Covey published results for the third quarter of its 2026 fiscal year -- which ended May 31. Sales and earnings for the period came in below Wall Street's forecasts, and the company's forward guidance also came in below expectations. Franklin Covey posted earnings per share of $0.27 on sales of $67.8 million in the third quarter of its current fiscal year, coming in below the average analyst estimate's target for per-share earnings of $0.31 on revenue of roughly $68.3 million. Even though the company's revenue moved up roughly 1% year over year, earnings actually improved significantly over the loss of $0.11 per share posted in the prior-year quarter -- but performance still came in significantly below the market's expectations.
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