SolarWinds: Q3 Earnings Snapshot
By AP News
Published - Oct 31, 2024, 08:15 AM ET
Last Updated - Dec 16, 2024, 05:47 PM EST
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — SolarWinds Corp. (SWI) on Thursday reported third-quarter earnings of $12.6 million.
On a per-share basis, the Austin, Texas-based company said it had profit of 7 cents. Earnings, adjusted for one-time gains and costs, were 27 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The provider of information-technology management software posted revenue of $200 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $194.1 million.
