N-able, Inc. Q4 Profit Increases, beats estimates

(RTTNews) - N-able, Inc. (NABL) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $9.35 million, or $0.05 per share. This compares with $6.99 million, or $0.04 per share, in last year's fourth quarter.

Excluding items, N-able, Inc. reported adjusted earnings of $19.83 million or $0.11 per share for the period.

Analysts on average had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.2% to $108.42 million from $95.76 million last year.

N-able, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $9.35 Mln. vs. $6.99 Mln. last year. -EPS (Q4): $0.05 vs. $0.04 last year. -Analyst Estimate: $0.08 -Revenue (Q4): $108.42 Mln vs. $95.76 Mln last year.

-Guidance: Next quarter revenue guidance: $111 Mln-$111.5 Mln