Varonis: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Varonis Systems Inc. (VRNS) on Monday reported a loss of $23.9 million in its second quarter.
On a per-share basis, the New York-based company said it had a loss of 21 cents. Earnings, adjusted for one-time gains and costs, came to 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The data-management software company posted revenue of $130.3 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $125 million.
For the current quarter ending in September, Varonis expects its per-share earnings to range from 7 cents to 8 cents.
The company said it expects revenue in the range of $140 million to $143 million for the fiscal third quarter.
Varonis expects full-year earnings in the range of 22 cents to 24 cents per share, with revenue ranging from $544 million to $552 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRNS at https://www.zacks.com/ap/VRNS