TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Check Point Software Technologies Ltd. (CHKP) on Thursday reported fourth-quarter profit of $257.5 million.
On a per-share basis, the Tel Aviv, Israel-based company said it had net income of $2.30. Earnings, adjusted for one-time gains and costs, came to $2.70 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.
The data security company posted revenue of $703.7 million in the period, also topping Street forecasts. Thirteen analysts surveyed by Zacks expected $698.2 million.
For the year, the company reported profit of $845.7 million, or $7.46 per share. Revenue was reported as $2.57 billion.
_____
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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.