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ForeScout: 1Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ ForeScout Technologies Inc. (FSCT) on Thursday reported a loss of $34.3 million in its first quarter.

The San Jose, California-based company said it had a loss of 78 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 41 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 44 cents per share.

The cybersecurity company posted revenue of $75.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $74.1 million.

For the current quarter ending in July, ForeScout expects its per-share loss to be 46 cents.

The company said it expects revenue in the range of $75.3 million to $78.3 million for the fiscal second quarter.

ForeScout expects full-year results to range from a loss of 41 cents per share to a loss of 34 cents per share, with revenue ranging from $356.3 million to $375.3 million.

ForeScout shares have climbed 67% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.30, a climb of 40% 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 FSCT at https://www.zacks.com/ap/FSCT