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Verint: Fiscal 2Q Earnings Snapshot

MELVILLE, N.Y. (AP) _ Verint Systems Inc. (VRNT) on Wednesday reported fiscal second-quarter profit of $8.5 million.

The Melville, New York-based company said it had profit of 9 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.06 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.

The maker of software for analyzing intercepted communications posted revenue of $309.1 million in the period. Its adjusted revenue was $313.4 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $301.8 million.

Verint shares have decreased 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48.37, an increase of slightly more than 7% in the last 12 months.

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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 VRNT at https://www.zacks.com/ap/VRNT