Latest News by Industry
TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Check Point Software Technologies Ltd. (CHKP) on Monday reported fourth-quarter earnings of $269.9 million.
The Tel Aviv, Israel-based company said it had net income of $2.20 per share. Earnings, adjusted for one-time gains and costs, came to $2.45 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.
The data security company posted revenue of $638.5 million in the period, also beating Street forecasts. Twelve analysts surveyed by Zacks expected $633.6 million.
For the year, the company reported profit of $796.9 million, or $6.31 per share. Revenue was reported as $2.33 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CHKP">Zacks stock report on CHKP at https://www.zacks.com/ap/CHKP