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Radware reports 3Q loss

TEL AVIV, Israel (AP) _ Radware Ltd. (RDWR) on Wednesday reported a loss of $1.5 million in its third quarter.

On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 3 cents. Earnings, adjusted for one-time gains and costs, were 4 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The network management software maker posted revenue of $53 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $52.2 million.

Radware shares have climbed 20 percent since the beginning of the year. The stock has risen 30 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 RDWR at https://www.zacks.com/ap/RDWR