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NetScout: Fiscal 1Q Earnings Snapshot

WESTFORD, Mass. (AP) _ NetScout Systems Inc. (NTCT) on Thursday reported a loss of $62.5 million in its fiscal first quarter.

On a per-share basis, the Westford, Massachusetts-based company said it had a loss of 78 cents. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The provider of products that gauge network performance posted revenue of $205.1 million in the period. Its adjusted revenue was $206 million, missing Street forecasts. Three analysts surveyed by Zacks expected $209.7 million.

NetScout expects full-year earnings to be $1.41 per share, with revenue expected to be $999.3 million.

NetScout shares have risen slightly since the beginning of the year. The stock has fallen 10 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 NTCT at https://www.zacks.com/ap/NTCT