Check Point: Q2 Earnings Snapshot

Associated Press Finance
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TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Check Point Software Technologies Ltd. (CHKP) on Wednesday reported second-quarter profit of $202 million.

On a per-share basis, the Tel Aviv, Israel-based company said it had net income of $1.70. Earnings, adjusted for one-time gains and costs, were $2 per share.

The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.

The data security company posted revenue of $588.7 million in the period, also exceeding Street forecasts. Fourteen analysts surveyed by Zacks expected $588 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 CHKP at https://www.zacks.com/ap/CHKP

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