Proofpoint: 4Q Earnings Snapshot

January 31, 2019

SUNNYVALE, Calif. (AP) _ Proofpoint Inc. (PFPT) on Thursday reported a loss of $21.2 million in its fourth quarter.

On a per-share basis, the Sunnyvale, California-based company said it had a loss of 39 cents. Earnings, adjusted for stock option expense and amortization costs, were 51 cents per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The data security company posted revenue of $198.5 million in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $192.9 million.

For the year, the company reported that its loss widened to $103.7 million, or $1.99 per share. Revenue was reported as $717 million.

For the current quarter ending in April, Proofpoint expects its per-share earnings to range from 31 cents to 35 cents.

The company said it expects revenue in the range of $198 million to $200 million for the fiscal first quarter.

Proofpoint expects full-year earnings in the range of $1.60 to $1.67 per share, with revenue ranging from $870 million to $874 million.

Proofpoint shares have climbed 22 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $101.87, decreasing slightly 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 PFPT at https://www.zacks.com/ap/PFPT

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