Zix: 3Q Earnings Snapshot

October 23, 2018

DALLAS (AP) _ Zix Corp. (ZIXI) on Tuesday reported third-quarter net income of $2.5 million.

On a per-share basis, the Dallas-based company said it had net income of 5 cents. Earnings, adjusted for non-recurring costs, came to 9 cents per share.

The e-mail encryption company posted revenue of $17.9 million in the period.

For the current quarter ending in December, Zix expects its per-share earnings to be 9 cents.

The company said it expects revenue in the range of $18 million to $18.2 million for the fiscal fourth quarter.

Zix expects full-year earnings to be 33 cents per share, with revenue ranging from $70 million to $70.2 million.

Zix shares have risen 16 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.06, an increase of roughly 1 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZIXI at https://www.zacks.com/ap/ZIXI

All contents © copyright 2019 The Associated Press. All rights reserved.