NetScout: Fiscal 1Q Earnings Snapshot
WESTFORD, Mass. (AP) _ NetScout Systems Inc. (NTCT) on Thursday reported a loss of $29.3 million in its fiscal first quarter.
On a per-share basis, the Westford, Massachusetts-based company said it had a loss of 38 cents. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.
The provider of products that gauge network performance posted revenue of $186 million in the period. Its adjusted revenue was $186.1 million.
NetScout expects full-year earnings in the range of $1.40 to $1.45 per share, with revenue in the range of $895 million to $915 million.
NetScout shares have risen 10% since the beginning of the year. The stock has dropped almost 3% in the last 12 months.