Verint: Fiscal Q4 Earnings Snapshot
MELVILLE, N.Y. (AP) — MELVILLE, N.Y. (AP) — Verint Systems Inc. (VRNT) on Wednesday reported fiscal fourth-quarter net income of $32.8 million.
On a per-share basis, the Melville, New York-based company said it had profit of 45 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, were 99 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The maker of software for analyzing intercepted communications posted revenue of $253.5 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $276.9 million.
For the year, the company reported profit of $82.3 million, or $1.04 per share. Revenue was reported as $909.2 million.
Verint expects full-year earnings to be $2.93 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRNT at https://www.zacks.com/ap/VRNT
