TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Check Point Software Technologies Ltd. (CHKP) on Wednesday reported second-quarter net income of $197.4 million.
On a per-share basis, the Tel Aviv, Israel-based company said it had profit of $1.74. Earnings, adjusted for one-time gains and costs, were $2.17 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share.
The data security company posted revenue of $627.4 million in the period, also beating Street forecasts. Twelve analysts surveyed by Zacks expected $624 million.
_____
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
