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Qualys: 4Q Earnings Snapshot

FOSTER CITY, Calif. (AP) _ Qualys Inc. (QLYS) on Wednesday reported fourth-quarter net income of $20.7 million.

The Foster City, California-based company said it had profit of 50 cents per share. Earnings, adjusted for one-time gains and costs, came to 64 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The maker of security-analysis software posted revenue of $84.7 million in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $84.8 million.

For the year, the company reported profit of $69.3 million, or $1.68 per share. Revenue was reported as $321.6 million.

For the current quarter ending in April, Qualys expects its per-share earnings to range from 60 cents to 62 cents.

The company said it expects revenue in the range of $85.7 million to $86.4 million for the fiscal first quarter.

Qualys expects full-year earnings in the range of $2.57 to $2.62 per share, with revenue ranging from $364 million to $369 million.

Qualys shares have increased 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $91.05, a decline of nearly 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QLYS at https://www.zacks.com/ap/QLYS