AP NEWS

Tufin: 3Q Earnings Snapshot

November 14, 2019 GMT

TEL AVIV, Israel (AP) _ Tufin Software Technologies Ltd. (TUFN) on Thursday reported a loss of $8.3 million in its third quarter.

On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 24 cents. Losses, adjusted for stock option expense, came to 17 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 17 cents per share.

The security policy management company posted revenue of $25.6 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $25.2 million.

For the current quarter ending in December, Tufin said it expects revenue in the range of $34 million to $38 million.

The company expects full-year revenue in the range of $107 million to $111 million.

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