{"id":184518,"date":"2023-12-07T15:39:32","date_gmt":"2023-12-07T15:39:32","guid":{"rendered":"https:\/\/precoinnews.com\/?p=184518"},"modified":"2023-12-07T15:39:32","modified_gmt":"2023-12-07T15:39:32","slug":"verint-shares-rise-after-reporting-upbeat-quarterly-earnings","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/verint-shares-rise-after-reporting-upbeat-quarterly-earnings\/","title":{"rendered":"Verint Shares Rise After Reporting Upbeat Quarterly Earnings"},"content":{"rendered":"
Shares of analytics company Verint Systems Inc. (VRNT) are rising more than 15% Thursday morning after reporting increased earnings in the third quarter above the consensus estimate.<\/p>\n
Verint posted net profit of $7.41 million or $0.12 per share for the third quarter compared with a loss of $1.12 million or $0.02 per share in the same quarter a year ago.<\/p>\n
Excluding one-time items, profit of $0.65 per share beat the average estimate of analysts polled by Thomson-Reuters of $0.57 per share.<\/p>\n
Revenue for the quarter was $219 million, down 3 percent year-over-year, but beat the consensus estimate of $215.9 million.<\/p>\n
VRNT is at $27.85. It has traded in the range of $18.41 – $40.71 in the last 1 year. <\/p>\n