SecureWorks: Fiscal 2Q Earnings Snapshot
Sep. 05, 2018
ATLANTA (AP) _ SecureWorks Corp. (SCWX) on Wednesday reported a loss of $9.8 million in its fiscal second quarter.
The Atlanta-based company said it had a loss of 12 cents per share. Losses, adjusted for amortization costs and stock option expense, came to 1 cent per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The information security services provider posted revenue of $128.8 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $127.7 million.
For the current quarter ending in November, SecureWorks expects its results to range from a loss of 6 cents per share to a loss of 5 cents per share.
The company said it expects revenue in the range of $130 million to $131 million for the fiscal third quarter.
SecureWorks expects full-year results to range from a loss of 17 cents per share to a loss of 15 cents per share, with revenue ranging from $518 million to $520 million.
SecureWorks shares have risen 37 percent since the beginning of the year. The stock has increased 12 percent in the last 12 months.