AP NEWS

ForeScout: 3Q Earnings Snapshot

November 7, 2019 GMT

SAN JOSE, Calif. (AP) _ ForeScout Technologies Inc. (FSCT) on Wednesday reported a loss of $33.5 million in its third quarter.

The San Jose, California-based company said it had a loss of 72 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 2 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The cybersecurity company posted revenue of $91.6 million in the period.

For the current quarter ending in December, ForeScout expects its results to range from a loss of 8 cents per share to a loss of 6 cents per share.

The company said it expects revenue in the range of $93.5 million to $96.5 million for the fiscal fourth quarter.

ForeScout expects full-year results to range from a loss of 82 cents per share to a loss of 80 cents per share, with revenue ranging from $339 million to $342 million.

ForeScout shares have increased 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.44, a rise of slightly more than 8% 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 FSCT at https://www.zacks.com/ap/FSCT