ForeScout: 2Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ ForeScout Technologies Inc. (FSCT) on Wednesday reported a loss of $30.8 million in its second quarter.
The San Jose, California-based company said it had a loss of 68 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 33 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
The cybersecurity company posted revenue of $78.3 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $77.3 million.
For the current quarter ending in October, ForeScout expects its per-share earnings to range from 4 cents to 6 cents.
The company said it expects revenue in the range of $98.8 million to $101.8 million for the fiscal third quarter.
ForeScout expects full-year results to range from a loss of 41 cents per share to a loss of 33 cents per share, with revenue ranging from $365.3 million to $375.3 million.
ForeScout shares have increased 31% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $34.03, a drop of nearly 6% in the last 12 months.