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Rapid7: 4Q Earnings Snapshot

BOSTON (AP) _ Rapid7 Inc. (RPD) on Monday reported a loss of $14.3 million in its fourth quarter.

The Boston-based company said it had a loss of 29 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 3 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The cybersecurity company posted revenue of $91.6 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $88.4 million.

For the year, the company reported that its loss narrowed to $53.8 million, or $1.10 per share. Revenue was reported as $326.9 million.

For the current quarter ending in April, Rapid7 expects its results to range from a loss of 13 cents per share to a loss of 11 cents per share.

The company said it expects revenue in the range of $91.6 million to $93.2 million for the fiscal first quarter.

Rapid7 expects full-year earnings in the range of 11 cents to 18 cents per share, with revenue ranging from $396 million to $404 million.

Rapid7 shares have increased 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $62.38, an increase of 40% 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 RPD at https://www.zacks.com/ap/RPD