Coveo Solutions Fiscal Q2 Loss Narrows to $0.03 Per Share, Misses Forecast

04:22 PM EDT, 10/29/2026 (MT Newswires) -- Coveo Solutions (CVO.TO) said Thursday after trade its fiscal second-quarter loss narrowed to $0.03 per share, from a loss of $0.05 per share, in the prior year period. The consensus analyst estimate was earnings of $0.01 per share, according to FactSet. Quarterly revenue advanced 8% to $40.4 million, from $37.3 million, slightly above the $40 million forecast. Coveo updated its fiscal third-quarter revenue guidance to $40.6 million to $41.1 million. It expects fiscal 2027 revenue to range between $160 million to $162 million. The company separately said it has acquired Anglera, a San Francisco-based, AI-native product data enrichment company for an undisclosed sum. The acquisition adds Anglera's agentic enrichment platform to Coveo's commerce offering. Financial terms were not disclosed. Coveo Solutions closed down CA$0.05 to CA$4.77 on the Toronto Stock Exchange.