NetScout Q3 Profit Beats Estimates; Updates FY15 Guidance - Quick Facts

(RTTNews) - NetScout Systems Inc. (NTCT), an industry leader for advanced network, application and service assurance solutions, reported third-quarter net income of $17.63 million or $0.42 per share, compared to $17.29 million or $0.41 per share, prior year. Adjusted earnings per share was $0.59, for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.50 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $122.83 million from $110.43 million last year. Analysts expected revenue of $121.75 million for the quarter.

For fiscal 2015, NetScout updated the guidance that was originally issued in May 2014. The company now expects GAAP and non-GAAP revenue to be in the range of $455 million to $460 million, with the mid-point of this refined guidance remaining consistent with the original guidance. NetScout's GAAP net income per share is now expected to be in the range of $1.38 to $1.42, and non-GAAP net income per share is now expected to be in the range of $1.87 and $1.91. Analysts expect the company to report fiscal 2015 earnings per share of $1.80 on revenue of $459.80 million.