TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Check Point Software Technologies Ltd. (CHKP) on Tuesday reported fourth-quarter net income of $249.2 million.
On a per-share basis, the Tel Aviv, Israel-based company said it had profit of $2.15. Earnings, adjusted for stock option expense and amortization costs, were $2.57 per share.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.46 per share.
The data security company posted revenue of $663.5 million in the period, also surpassing Street forecasts. Fourteen analysts surveyed by Zacks expected $660.3 million.
For the year, the company reported profit of $840.3 million, or $7.10 per share. Revenue was reported as $2.41 billion.
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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 CHKP at https://www.zacks.com/ap/CHKP
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