Cision Ltd. Provides Earnings Guidance for the Second Quarter Ending June 30, 2019 and Updates Earnings Guidance for the Year 2019
For the year, the company updated its revenue guidance from $775 million - $785 million to $773 million - $783 million. Net income guidance is updated from negative $1 million - positive $4 million to $10 million - $20 million. Net income per share guidance is updated from negative $0.01 - positive $0.02 to $0.07 - $0.14. The outlook assumes the inclusion of results from acquisitions from the date of their respective acquisitions through the quarter ended June 30, 2019 and year ended December 31, 2019, and the inclusion of results from e-mail marketing assets from January 1, 2019 through the date of its divestiture. The updated outlook above assumes LIBOR of approximately 2.6%, EURIBOR of approximately 0%, and the following exchange rates with respect to the British Pound, the Euro and the Canadian Dollar for fiscal year 2019.