Zscaler: Fiscal 1Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Zscaler Inc. (ZS) on Tuesday reported a loss of $17.1 million in its fiscal first quarter.
The San Jose, California-based company said it had a loss of 13 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 3 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The cloud-based information security provider posted revenue of $93.6 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $89.3 million.
For the current quarter ending in February, Zscaler expects its per-share earnings to be 3 cents.
The company said it expects revenue in the range of $97 million to $100 million for the fiscal second quarter.
Zscaler expects full-year earnings in the range of 13 cents to 15 cents per share, with revenue ranging from $405 million to $413 million.
Zscaler shares have increased 35% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $52.80, a climb of 35% in the last 12 months.