AP NEWS

Zscaler: Fiscal 3Q Earnings Snapshot

May 30, 2019

SAN JOSE, Calif. (AP) _ Zscaler Inc. (ZS) on Thursday reported a loss of $12.2 million in its fiscal third quarter.

The San Jose, California-based company said it had a loss of 10 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 5 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The cloud-based information security provider posted revenue of $79.1 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $74.7 million.

For the current quarter ending in July, Zscaler expects its per-share earnings to range from 1 cent to 2 cents.

The company said it expects revenue in the range of $81 million to $83 million for the fiscal fourth quarter.

Zscaler expects full-year earnings in the range of 16 cents to 18 cents per share, with revenue ranging from $298 million to $300 million.

Zscaler shares have risen 86% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $73.03, nearly tripling 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 ZS at https://www.zacks.com/ap/ZS

All contents © copyright 2019 The Associated Press.All rights reserved.