AP NEWS

Tufin: 1Q Earnings Snapshot

June 13, 2019

TEL AVIV, Israel (AP) _ Tufin Software Technologies Ltd. (TUFN) on Thursday reported a loss of $4.4 million in its first quarter.

On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 54 cents. Losses, adjusted for stock option expense, were 41 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The security policy management company posted revenue of $22.5 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $21 million.

For the current quarter ending in July, Tufin said it expects revenue in the range of $23 million to $25 million.

The company expects full-year revenue in the range of $105 million to $110 million.

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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 TUFN at https://www.zacks.com/ap/TUFN

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