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NetScout: Fiscal 4Q Earnings Snapshot

WESTFORD, Mass. (AP) _ NetScout Systems Inc. (NTCT) on Thursday reported fiscal fourth-quarter profit of $16.8 million.

The Westford, Massachusetts-based company said it had profit of 20 cents per share. Earnings, adjusted for one-time gains and costs, were 36 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The provider of products that gauge network performance posted revenue of $235.2 million in the period. Its adjusted revenue was $238.5 million, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $257.3 million.

For the year, the company reported profit of $79.8 million, or 90 cents per share. Revenue was reported as $999.3 million.

NetScout shares have decreased 12 percent since the beginning of the year. The stock has decreased 28 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