Stock Alert: PROS Holdings Drops 10% After Quarterly Results

Shares of PROS Holdings, Inc. (PRO) are falling more than 10% Friday morning after reporting third quarter results. The company provided fourth quarter and full-year outlook, that fell short of analysts’ view.

For the fourth quarter, PROS expects revenue of $58.9 million to $59.9 million. The consensus estimate is at $61.97 million.

Loss per share in the fourth quarter is expected to be in the range of $0.18 to $0.16. Analysts’ view stands at $0.17 loss per share.

For the full-year, the company anticipates revenue to be in the range of $250.5 million to $251.5 million. The consensus estimate is for $252.24 million.

The company reported net loss per share of $0.44 in the third quarter compared with net loss of $0.42 per share in the same quarter a year ago.

Adjusted loss per share of $0.15 beat the average estimate of analysts polled by Thomson Reuters at $0.20 loss per share.

Revenue for the quarter decreased 4% year-over-year to $61.5 million. The consensus estimate was for $59.99 million.

PROS Holdings stock is currently trading at $28.03. It has been trading in the range of $19.73- $68.81 in the last one year.

Management Firm Grandview Promotes Erick Mendoza To Manager

EXCLUSIVE: LA-based management firm Grandview has promoted Erick Mendoza to manager. Mendoza first joined the company as an assistant in 2018, and before that he was at UTA.

His roster of writer clients include Alex Russell (FX’s Dave); Josh Levine (Hulu’s Pen15); Rebecca Hoobler (Fox’s Duncanville); Walter Thompson-Hernández, author of The Compton Cowboys: The New Generation Of Cowboys In America’s Urban Heartland and host of LAist Studios’ California Love podcast; Colin Liddle (Penny Dreadful: City Of Angels) and Paola Villegas Soruco (Stumptown).

The Grandview partners said: “From the moment he joined us, Erick has been wildly impressive in every way.  He’s already an excellent representative, an inspiring colleague, and a good friend. We are so excited to work with him as he and his clients continue to tell the greatest of stories.”

Mendoza, who was born and raised in Los Angeles, CA, said: “I am proud to be a part of the Grandview family and look forward to continuing to build a diverse roster of voices.  Grandview has helped foster my growth, and I’m very fortunate to work with so many talented colleagues and artists.”

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APA Signs ‘Brotherly Love’ Filmmaker Jamal Hill

EXCLUSIVE: APA has signed Jamal Hill, the writer and director behind the Queen Latifah-produced drama Brotherly Love.

Hill recently directed True To The Game 2, the sequel to the 2017 drama starring Vivica A. Fox, Andra Fuller, Erica Peeples, Niatia “Lil Mama” Kirkland, Iyana Halley, and Jeremy Meeks. The pic is due to hit select theaters on Nov. 6. His past credits include Streets starring Meek Mill and Nafessa Williams, Netflix’s Deuces starring Meagan Good and Larenz Tate, and The Available Wife, starring KJ Smith and acquired by UMC.

Hill, who is set to direct a new UMC series titled Lace, will continue to be managed by Sean Mik’ael Butler of Cultivate Entertainment.

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‘The Great’s Sebastian De Souza Inks With Anonymous Content

EXCLUSIVE: Sebastian De Souza, who is a series regular on the new Hulu period comedy, The Great, has signed with Anonymous Content for representation.

De Souza stars opposite Fanning and Nicholas Hoult in The Great, created by Oscar-nominated writer Tony McNamara. The show chronicles a genre-bending, anti-historical ride through 18th century Russia and follows the rise of Catherine the Nothing to Catherine the Great.

De Souza also guest-starred in another critically acclaimed Hulu series, Normal People, based on the bestselling novel by Sally Rooney. Other credits include Medici on Netflix, the Channel 4 series Skins, ABC’s Recovery Road, and Showtime’s The Borgias. He’s currently developing a YA television show for Disney.

Up next for De Souza on the film side is Pixie, the Barnaby Thompson-directed feature in which he appears alongside Alec Baldwin and Olivia Cooke, set to be released later this year. He previously co-starred in Claire McCarthy’s Ophelia with Daisy Ridley, Naomi Watts and Clive Owen, and also wrote and starred in Kids in Love with Cara Delevingne and Will Poulter.

De Souza continues to be repped by Waring and McKenna in the UK.

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Sony in talks with AT&T to buy Crunchyroll for more than $950M

Fox Business Flash top headlines for October 29

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.

Sony Corp is in final talks with AT&T to acquire U.S. animation-streaming service Crunchyroll in a deal worth more than 100 billion yen ($957 million), the Nikkei business daily reported on Friday.

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AMD TO BUY XILINX IN $35B TECH MEGA-DEAL

Sony recently obtained the exclusive right to negotiate for Crunchyroll, as the Japanese entertainment and electronics conglomerate hopes to compete with Netflix and other global rivals, the Nikkei said.

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