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Presidio: Fiscal 2Q Earnings Snapshot

NEW YORK (AP) _ Presidio Inc. (PSDO) on Wednesday reported fiscal second-quarter earnings of $5.6 million.

The New York-based company said it had net income of 7 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 39 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The information technology company posted revenue of $767.8 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $682.7 million.

Presidio expects full-year revenue in the range of $2.91 billion to $2.95 billion.

Presidio shares have increased 15 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.01, a decrease of 14 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 PSDO at https://www.zacks.com/ap/PSDO