AP NEWS

Verint: Fiscal 3Q Earnings Snapshot

December 6, 2018

MELVILLE, N.Y. (AP) _ Verint Systems Inc. (VRNT) on Thursday reported fiscal third-quarter earnings of $18.9 million.

The Melville, New York-based company said it had profit of 29 cents per share. Earnings, adjusted for one-time gains and costs, came to 85 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.

The maker of software for analyzing intercepted communications posted revenue of $304 million in the period. Its adjusted revenue was $308 million.

Verint expects full-year earnings to be $3.15 per share, with revenue expected to be $1.24 billion.

Verint shares have climbed roughly 4 percent since the beginning of the year. The stock has risen roughly 1 percent in the last 12 months.

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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 VRNT at https://www.zacks.com/ap/VRNT