Commvault: Fiscal 3Q Earnings Snapshot
TINTON FALLS, N.J. (AP) _ Commvault Systems Inc. (CVLT) on Tuesday reported fiscal third-quarter net income of $13.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Tinton Falls, New Jersey-based company said it had profit of 28 cents. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The data-management software company posted revenue of $184.3 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $180.9 million.
Commvault shares have increased 4 percent since the beginning of the year. The stock has climbed 10 percent in the last 12 months.