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Rapid7: 4Q Earnings Snapshot

BOSTON (AP) _ Rapid7 Inc. (RPD) on Thursday reported a loss of $13 million in its fourth quarter.

The Boston-based company said it had a loss of 27 cents per share. Losses, adjusted for stock option expense and amortization costs, were 5 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The cybersecurity company posted revenue of $68.8 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $66.8 million.

For the year, the company reported that its loss widened to $55.5 million, or $1.20 per share. Revenue was reported as $244.1 million.

For the current quarter ending in April, Rapid7 expects its results to range from a loss of 10 cents per share to a loss of 8 cents per share.

The company said it expects revenue in the range of $68.9 million to $70.5 million for the fiscal first quarter.

Rapid7 expects full-year earnings to be 5 cents per share, with revenue ranging from $304 million to $312 million.

Rapid7 shares have climbed 28 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $39.95, a rise of 71 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 RPD at https://www.zacks.com/ap/RPD