TEL AVIV, Israel (AP) 鈥� TEL AVIV, Israel (AP) 鈥� Check Point Software Technologies Ltd. (CHKP) on Thursday reported first-quarter net income of $191.6 million.
On a per-share basis, the Tel Aviv, Israel-based company said it had profit of $1.81. Earnings, adjusted for one-time gains and costs, came to $2.50 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share.
The data security company posted revenue of $668.4 million in the period, which did not meet Street forecasts. Thirteen analysts surveyed by Zacks expected $672.6 million.
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