Cornerstone said its plan to boost margins and revenue growth is going well, but the company's fourth quarter results fell short of expectations.
The company reported a fourth quarter net loss of $9 million, or 16 cents a share, on revenue of $132 billion, up 21 percent from a year ago. On a non-GAAP basis, Cornerstone reported earnings of 19 cents a share.
Wall Street was expecting fourth quarter earnings of 21 cents a share on revenue of $133.26 million.
For 2017, Cornerstone reported a net loss of $61.3 million, or $1.07 a share, on revenue of $482 million, up 13.9 percent from a year ago.