BOSTON (AP) — BOSTON (AP) — Rapid7 Inc. (RPD) on Tuesday reported fourth-quarter profit of $3.1 million.
On a per-share basis, the Boston-based company said it had net income of 5 cents. Earnings, adjusted for stock option expense and amortization costs, were 44 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The cybersecurity company posted revenue of $217.4 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $214.9 million.
For the current quarter ending in March, Rapid7 expects its per-share earnings to range from 29 cents to 32 cents.
The company said it expects revenue in the range of $207 million to $209 million for the fiscal first quarter.
Rapid7 expects full-year earnings in the range of $1.50 to $1.60 per share, with revenue ranging from $835 million to $843 million.
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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 RPD at https://www.zacks.com/ap/RPD
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