AUSTIN, Texas (AP) _ SailPoint Technologies Holdings Inc. (SAIL) on Wednesday reported third-quarter earnings of $3.7 million.
On a per-share basis, the Austin, Texas-based company said it had net income of 4 cents. Earnings, adjusted for one-time gains and costs, were 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The identity governance software developer posted revenue of $75.9 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $70.6 million.
For the current quarter ending in December, SailPoint Technologies expects its per-share earnings to range from 7 cents to 8 cents.
The company said it expects revenue in the range of $84.5 million to $86 million for the fiscal fourth quarter.
SailPoint Technologies expects full-year earnings in the range of 13 cents to 14 cents per share, with revenue ranging from $284 million to $285.5 million.
SailPoint Technologies shares have dropped 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.13, a decline of 20% in the last 12 months.