Proofpoint stock climbs after earnings, revenue beat
Proofpoint Inc. shares rose more than 3.2% in the extended session Thursday after the company beat consensus earnings estimates. The security and compliance software company reported a third-quarter net loss of $28.7 million, or 51 cents a share, compared with a loss of $21.3 million, or 39 cents a share, in the year-ago period. Adjusted for stock-based compensation, and amortization expenses, among other things, earnings were 52 cents a share versus 51 cents a share a year ago. Revenue rose to $243.4 million from $198.5 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 47 cents a share on revenue of $239.1 million. For the first quarter, analysts model adjusted earnings of 37 cents on sales of $244.2 million. Proofpoint stock has gained 26% this year, with the S&P 500 index rising 22%.
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