FOSTER CITY, Calif. (AP) — FOSTER CITY, Calif. (AP) — Qualys Inc. (QLYS) on Tuesday reported first-quarter profit of $47.5 million.
On a per-share basis, the Foster City, California-based company said it had net income of $1.29. Earnings, adjusted for one-time gains and costs, came to $1.67 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The maker of security-analysis software posted revenue of $159.9 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $157.1 million.
For the current quarter ending in June, Qualys expects its per-share earnings to range from $1.40 to $1.50.
The company said it expects revenue in the range of $159.7 million to $162.7 million for the fiscal second quarter.
Qualys expects full-year earnings in the range of $6 to $6.30 per share, with revenue ranging from $648 million to $657 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 QLYS at https://www.zacks.com/ap/QLYS
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