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SecureWorks: Fiscal 3Q Earnings Snapshot

December 6, 2018

ATLANTA (AP) _ SecureWorks Corp. (SCWX) on Thursday reported a loss of $3.7 million in its fiscal third quarter.

On a per-share basis, the Atlanta-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, were 6 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The information security services provider posted revenue of $133.1 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $130.7 million.

For the current quarter ending in January, SecureWorks said it expects revenue in the range of $132 million to $133 million.

The company expects full-year results to range from a loss of 1 cent per share to a loss of 45 cents per share, with revenue ranging from $520 million to $521 million.

SecureWorks shares have increased 98 percent since the beginning of the year. The stock has risen 96 percent 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 SCWX at https://www.zacks.com/ap/SCWX

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