Varonis: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Varonis Systems Inc. (VRNS) on Monday reported a loss of $38.7 million in its second quarter.
On a per-share basis, the New York-based company said it had a loss of 35 cents. Earnings, adjusted for one-time gains and costs, were 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The data-management software company posted revenue of $115.4 million in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $119.2 million.
For the current quarter ending in September, Varonis expects its per-share earnings to range from 2 cents to 3 cents.
The company said it expects revenue in the range of $123.5 million to $127 million for the fiscal third quarter.
Varonis expects full-year earnings in the range of 21 cents to 23 cents per share, with revenue ranging from $497 million to $503 million.
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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 VRNS at https://www.zacks.com/ap/VRNS