Carbon Black: 4Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Carbon Black Inc. (CBLK) on Wednesday reported a loss of $18.6 million in its fourth quarter.
The Waltham, Massachusetts-based company said it had a loss of 27 cents per share. Losses, adjusted for stock option expense and amortization costs, were 20 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The cybersecurity company posted revenue of $56.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $55.6 million.
For the year, the company reported a loss of $82.1 million, or $5.82 per share. Revenue was reported as $209.7 million.
For the current quarter ending in April, Carbon Black expects its results to range from a loss of 23 cents per share to a loss of 22 cents per share.
The company said it expects revenue in the range of $56.5 million to $57.5 million for the fiscal first quarter.
Carbon Black expects full-year results to range from a loss of 64 cents per share to a loss of 61 cents per share, with revenue ranging from $240 million to $244 million.
Carbon Black shares have increased 23 percent since the beginning of the year.