Check Point, a leading Israeli cyber security company, has exceeded analysts’ expectations in its latest financial report. The company reported adjusted earnings per share of $2.04, a 13% increase compared to the previous quarter, on revenues of $598.8 million, a 6% increase. This was higher than the predicted profit of $2 per share on revenue of $594.9 million by analysts.
Check Point also surpassed its own forecast, expecting adjusted profit of $2 on revenues of $592.5 million for the quarter. For the full year, Check Point expected revenue growth of about 6% to a range of $2.475-2.625 billion and a net profit of $8.7-9.3 per share. Analysts projected earnings per share of $9.07 on revenues of $2.56 billion for the year, which is higher than Check Point’s forecasted revenue range and net profit range but lower than their predicted earnings per share