SolarWinds: 2Q Earnings Snapshot
AUSTIN, Texas (AP) _ SolarWinds Corp. (SWI) on Thursday reported a loss of $2.1 million in its second quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, were 20 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The provider of information-technology management software posted revenue of $228.7 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $226.5 million.
For the current quarter ending in October, SolarWinds expects its per-share earnings to range from 19 cents to 20 cents.
The company expects full-year earnings in the range of 81 cents to 82 cents per share.
SolarWinds shares have risen 29% since the beginning of the year.