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Carbon Black: 2Q Earnings Snapshot

August 1, 2019

WALTHAM, Mass. (AP) _ Carbon Black Inc. (CBLK) on Thursday reported a loss of $14.6 million in its second quarter.

The Waltham, Massachusetts-based company said it had a loss of 20 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 13 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The cybersecurity company posted revenue of $60.9 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $59.6 million.

For the current quarter ending in October, Carbon Black expects its results to range from a loss of 12 cents per share to a loss of 10 cents per share.

The company said it expects revenue in the range of $61.3 million to $62.3 million for the fiscal third quarter.

Carbon Black expects full-year results to range from a loss of 61 cents per share to a loss of 58 cents per share, with revenue ranging from $243 million to $245 million.

Carbon Black shares have increased 36% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.25, a drop of 11% in the last 12 months.

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

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