FOSTER CITY, Calif. (AP) — FOSTER CITY, Calif. (AP) — Qualys Inc. (QLYS) on Tuesday reported third-quarter earnings of $50.3 million.
On a per-share basis, the Foster City, California-based company said it had net income of $1.39. Earnings, adjusted for stock option expense and non-recurring costs, were $1.86 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The maker of security-analysis software posted revenue of $169.9 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $165.7 million.
For the current quarter ending in December, Qualys expects its per-share earnings to range from $1.73 to $1.80.
The company said it expects revenue in the range of $172 million to $174 million for the fiscal fourth quarter.
Qualys expects full-year earnings in the range of $6.20 to $6.50 per share, with revenue ranging from $665.8 million to $667.8 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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