CyberArk: Q2 Earnings Snapshot

PETACH-TIKVA, Israel (AP) — PETACH-TIKVA, Israel (AP) — CyberArk Software Ltd. (CYBR) on Thursday reported a loss of $12.9 million in its second quarter.

On a per-share basis, the Petach-Tikva, Israel-based company said it had a loss of 30 cents. Earnings, adjusted for one-time gains and costs, were 54 cents per share.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The maker of software that detects attacks on privileged accounts posted revenue of $224.7 million in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $219.3 million.