Verint: Fiscal 2Q Earnings Snapshot

September 5, 2018

MELVILLE, N.Y. (AP) _ Verint Systems Inc. (VRNT) on Wednesday reported fiscal second-quarter net income of $22 million, after reporting a loss in the same period a year earlier.

The Melville, New York-based company said it had profit of 33 cents per share. Earnings, adjusted for one-time gains and costs, were 76 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The maker of software for analyzing intercepted communications posted revenue of $306.3 million in the period. Its adjusted revenue was $308.5 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $296.8 million.

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

Verint shares have climbed 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $47.10, an increase of 19 percent 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 VRNT at https://www.zacks.com/ap/VRNT