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ForeScout: 2Q Earnings Snapshot

August 7, 2019

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSCT at https://www.zacks.com/ap/FSCT

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