MIAMI (AP) — MIAMI (AP) — Varonis Systems Inc. (VRNS) on Tuesday reported a loss of $27.8 million in its fourth quarter.
On a per-share basis, the Miami-based company said it had a loss of 24 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 8 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The data-management software company posted revenue of $173.4 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $168.5 million.
For the year, the company reported a loss of $129.3 million, or $1.13 per share. Revenue was reported as $623.5 million.
For the current quarter ending in March, Varonis expects its results to range from a loss of 6 cents per share to a loss of 5 cents per share.
The company said it expects revenue in the range of $164 million to $166 million for the fiscal first quarter.
Varonis expects full-year earnings in the range of 6 cents to 10 cents per share, with revenue ranging from $722 million to $730 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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