Check Point: 2Q Earnings Snapshot
Posted July 22, 2020 5:12 am.
Last Updated July 22, 2020 5:24 am.
TEL AVIV, Israel (AP) _ Check Point Software Technologies Ltd. (CHKP) on Wednesday reported second-quarter net income of $196.4 million.
The Tel Aviv, Israel-based company said it had net income of $1.38 per share. Earnings, adjusted for stock option expense and amortization costs, were $1.58 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The data security company posted revenue of $505.6 million in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $486.3 million.
Check Point shares have increased 12% since the beginning of the year. The stock has risen nearly 8% in the last 12 months.
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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 CHKP at https://www.zacks.com/ap/CHKP
The Associated Press
