30.10.2023 11:36:51 - dpa-AFX: Check Point Q3 Earnings Rise, Beat Estimates
TEL AVIV (dpa-AFX) - Check Point Software Technologies Ltd. (CHKP) Monday
reported higher earnings and revenues for the third quarter. Earnings result
surpassed the Street view.
Quarterly profit increased to $205 million or $1.75 per share from $184 million
or $1.47 per share for the same period last year.
Excluding items, earnings were $242 million or $2.07 per share compared to $221
million or $1.77 per share of the previous year.
On average, 29 analysts polled by Thomson Reuters expected earnings of $2.02 per
share for the year. Analysts' estimates typically exclude special items.
Total revenues rose 3 percent to $596 million from $578 million in the prior
year. The Street estimate for revenue was $591.51 million.
In pre-market activity, Check Point shares are trading at $129 down 2.15% on
Nasdaq.
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