Concur Technologies Q3 Profit Declines; Guides Q4 - Quick Facts

(RTTNews) - Concur Technologies, Inc. (CNQR) Wednesday reported third-quarter net income attributable to Concur of $2.8 million or $0.05 per share, compared to $6.9 million or $0.12 per share in the same period last year.

Adjusted pretax income attributable to Concur was $22.4 million or $0.39 per share, compared to $19.2 million or $0.34 per share in the comparable quarter last year.

On average, 21 analysts polled by Thomson Reuters expected the company to earn $0.24 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the latest second quarter was $138.71 million, up 23 percent from $113.17 million last year, while 23 analysts expected revenues of $139.15 million.

Looking forward to the fourth quarter of 2013, the company expects Non-GAAP pre-tax income of $0.39 per share. Revenues are expected to grow approximately 29 percent year-over-year.

Analysts, based on consensus, currently expect the company to earn $0.32 per share on revenue of $151.01 million for the fourth quarter.

For the fiscal year 2013, Concur expect pre-tax income of approximately $1.32 per share. Revenues are anticipated to grow approximately 23 percent year-over-year.

Earlier, the company expected fiscal year 2013 pre-tax income of about $1.40 per share.

Analysts currently expect full-year earnings of $0.91 per share on revenues of $540.32 million.