Rapid7: Q2 Earnings Snapshot
By AP News
Published - Aug 06, 2024, 04:55 PM ET
Last Updated - Aug 06, 2024, 04:55 PM EDT
BOSTON (AP) — BOSTON (AP) — Rapid7 Inc. (RPD) on Tuesday reported second-quarter net income of $8.2 million.
On a per-share basis, the Boston-based company said it had net income of 11 cents. Earnings, adjusted for stock option expense and amortization costs, came to 58 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The cybersecurity company posted revenue of $208 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $204.1 million.
