RERSEARCH TRIANGLE PARK – Earnings season continues with more North Carolina public companies reporting quarterly financials. Here’s a roundup:
- ChannelAdvisor
MORRISVILLE – ChannelAdvisor Corp. (ECOM) on Monday reported a third-quarter loss of $99,000, after reporting a profit in the same period a year earlier.
On a per-share basis, the Morrisville, North Carolina-based company said it had a loss of less than 1 cent. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 23 cents per share.
The provider of cloud-based e-commerce services posted revenue of $43.5 million in the period.
- Fathom Holdings
CARY – Fathom Holdings Inc. (FTHM) on Monday reported a loss of $6 million in its third quarter.
The Cary, North Carolina-based company said it had a loss of 38 cents per share.
The company posted revenue of $111.3 million in the period.
For the current quarter ending in December, Fathom Holdings said it expects revenue in the range of $85 million to $95 million.
The company expects full-year revenue in the range of $415 million to $425 million.
- Precision BioSciences
DURHAM – Precision BioSciences Inc. (DTIL) on Tuesday reported a loss of $23.9 million in its third quarter.
The Durham, North Carolina-based company said it had a loss of 22 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The genome editing company posted revenue of $7.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $5.4 million.
- Brighthouse
CHARLOTTE – Brighthouse Financial Inc. (BHF) on Monday reported a third-quarter loss of $677 million, after reporting a profit in the same period a year earlier.
The Charlotte, North Carolina-based company said it had a loss of $9.76 per share. Losses, adjusted for non-recurring costs, came to 4 cents per share.
The annuity and life insurance company posted revenue of $1.48 billion in the period. Its adjusted revenue was $1.91 billion, falling short of Street forecasts. Four analysts surveyed by Zacks expected $1.97 billion.
Brighthouse Financial shares have increased 9% since the beginning of the year. In the final minutes of trading on Monday, shares hit $56.44, a climb of roughly 5% in the last 12 months.