Check Point Software Technologies Ltd. (NASDAQ:CHKP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Check Point Software Technologies Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.76% to $0.79 in the quarter versus EPS of $0.74 in the year-earlier quarter.
Revenue: Rose 3.06% to $322.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Check Point Software Technologies Ltd. reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.78. It missed the average revenue estimate of $327.99 million.
Quoting Management: “In the first quarter we significantly advanced attack prevention with the introduction of our leading-edge Threat Emulation Software Blade that prevents infections from undiscovered exploits, zero-day and targeted attacks. We were also recognized for our security leadership by Gartner, IDC and NSS Labs. This recognition underscores our product leadership and dedication to providing the best security to our customers,” said Gil Shwed, founder, chairman, and chief executive officer of Check Point Software Technologies.
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