AP NEWS

ForeScout: 3Q Earnings Snapshot

November 8, 2018

SAN JOSE, Calif. (AP) _ ForeScout Technologies Inc. (FSCT) on Thursday reported a loss of $8.3 million in its third quarter.

On a per-share basis, the San Jose, California-based company said it had a loss of 20 cents. Earnings, adjusted for one-time gains and costs, were 10 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 10 cents per share.

The cybersecurity company posted revenue of $85.6 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $79.6 million.

For the current quarter ending in December, ForeScout expects its results to range from a loss of 26 cents per share to a loss of 24 cents per share.

The company said it expects revenue in the range of $75.8 million to $78.8 million for the fiscal fourth quarter.

ForeScout expects full-year results to range from a loss of 69 cents per share to a loss of 67 cents per share, with revenue ranging from $288.7 million to $291.7 million.

ForeScout shares have dropped 12 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.11, an increase of 12 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 FSCT at https://www.zacks.com/ap/FSCT

AP RADIO
Update hourly