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Proofpoint: 2Q Earnings Snapshot

July 25, 2019

SUNNYVALE, Calif. (AP) _ Proofpoint Inc. (PFPT) on Thursday reported a loss of $28.9 million in its second quarter.

The Sunnyvale, California-based company said it had a loss of 52 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 41 cents per share.

The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The data security company posted revenue of $214.4 million in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $211.6 million.

For the current quarter ending in October, Proofpoint expects its per-share earnings to range from 37 cents to 40 cents.

The company said it expects revenue in the range of $223 million to $225 million for the fiscal third quarter.

Proofpoint expects full-year earnings in the range of $1.61 to $1.64 per share, with revenue ranging from $878.5 million to $880.5 million.

Proofpoint shares have risen 52% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $127, an increase of nearly 3% 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 PFPT at https://www.zacks.com/ap/PFPT

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