ServiceSource International Inc. (SREV) Tuesday reported second-quarter net loss of $36.8 million or $0.50 per share, compared to $1.1 million or $0.02 per share last year.
Adjusted net income for the second quarter was $1.5 million or $0.02 per share, compared to $0.6 million or $0.01 per share last year. Analysts polled by Thomson Reuters expected earnings of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the second quarter grew 23 percent to $59.7 million from $48.5 million last year. Analysts estimated revenues of $59.09 million for the quarter.
Looking forward to the third quarter, the company expects revenues of $57.5 million to $59.5 million, adjusted loss to be between breakeven to a loss of $0.02 per share. Analysts currently estimate earnings of $0.01 per share and revenues of $60.64 million for the quarter.
The company reiterated its full year 2012 guidance of revenue in a range of $246 million to $249 million, adjusted earnings of $0.05 to $0.07 per share. Analysts currently estimate earnings of $0.07 per share and revenues of $248 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.