NEW YORK (AP) — NEW YORK (AP) — Varonis Systems Inc. (VRNS) on Tuesday reported a loss of $35.8 million in its second quarter.
On a per-share basis, the New York-based company said it had a loss of 32 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 3 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The data-management software company posted revenue of $152.2 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $147.8 million.
For the current quarter ending in September, Varonis expects its per-share earnings to range from 7 cents to 8 cents.
The company said it expects revenue in the range of $163 million to $168 million for the fiscal third quarter.
Varonis expects full-year earnings in the range of 16 cents to 18 cents per share, with revenue ranging from $616 million to $628 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 VRNS at https://www.zacks.com/ap/VRNS
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