NEW YORK (AP) _ Varonis Systems Inc. (VRNS) on Monday reported a loss of $32.9 million in its second quarter.
On a per-share basis, the New York-based company said it had a loss of 31 cents. Losses, adjusted for stock option expense and amortization costs, came to 1 cent per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The data-management software company posted revenue of $88.4 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $83.7 million.
For the current quarter ending in October, Varonis expects its per-share earnings to range from 1 cent to 2 cents.
The company said it expects revenue in the range of $96 million to $98 million for the fiscal third quarter.
Varonis expects full-year earnings in the range of 3 cents to 5 cents per share, with revenue ranging from $375 million to $379 million.
Varonis shares have increased 12% since the beginning of the year. In the final minutes of trading on Monday, shares hit $60.99, a climb of 69% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRNS at https://www.zacks.com/ap/VRNS
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