PETACH-TIKVA, Israel (AP) — PETACH-TIKVA, Israel (AP) — CyberArk Software Ltd. (CYBR) on Wednesday reported a loss of $17.1 million in its fourth quarter.
On a per-share basis, the Petach-Tikva, Israel-based company said it had a loss of 34 cents. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The maker of software that detects attacks on privileged accounts posted revenue of $372.7 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $355.9 million.
For the year, the company reported a loss of $146.9 million, or $2.93 per share. Revenue was reported as $1.36 billion.
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