Check Point Software Earnings: Profit Satisfies Investors

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Check Point Software Technologies Ltd. (NASDAQ:CHKP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Investors appear to be happy with the profit side of the equations as shares are up 1.36%.

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Click here for our fresh Feature Stock Pick now!

Check Point Software Technologies Ltd. Earnings Cheat Sheet

Results: Net income increased 39.48% to $222.9 million (91 cents per diluted share) in the quarter versus a net gain of $159.81 million in the year-earlier quarter.

Revenue: Rose 3.32% to $368.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Check Point Software Technologies Ltd. reported adjusted net income of 91 cents per share. By that measure, the company beat the mean analyst estimate of $0.88. It missed the average revenue estimate of $373.74 million.

Quoting Management: “Throughout 2012, customers continued to adopt the Software Blades Architecture and further consolidated their security infrastructure with our new appliance portfolio. Revenues from software blades had a significant contribution to our growth with over a 50% increase this year…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business