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TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Check Point Software Technologies Ltd. (CHKP) on Monday reported first-quarter profit of $184.1 million.
On a per-share basis, the Tel Aviv, Israel-based company said it had net income of $1.52. Earnings, adjusted for stock option expense and amortization costs, came to $1.80 per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The data security company posted revenue of $566.2 million in the period, falling short of Street forecasts. Thirteen analysts surveyed by Zacks expected $569 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CHKP">Zacks stock report on CHKP at https://www.zacks.com/ap/CHKP