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ForeScout: 4Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ ForeScout Technologies Inc. (FSCT) on Thursday reported a loss of $17.9 million in its fourth quarter.

On a per-share basis, the San Jose, California-based company said it had a loss of 42 cents. Losses, adjusted for stock option expense and costs related to mergers and acquisitions, were 1 cent per share.

The results exceeded 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 $84.7 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $77.9 million.

For the year, the company reported that its loss narrowed to $74.8 million, or $1.83 per share. Revenue was reported as $297.7 million.

For the current quarter ending in April, ForeScout expects its results to range from a loss of 45 cents per share to a loss of 43 cents per share.

The company said it expects revenue in the range of $71.9 million to $74.9 million for the fiscal first quarter.

ForeScout expects full-year results to range from a loss of 45 cents per share to a loss of 37 cents per share, with revenue ranging from $363.1 million to $373.1 million.

ForeScout shares have climbed 19 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $30.92, a decrease of 5 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 FSCT at https://www.zacks.com/ap/FSCT