Vasco Data Security International Announces 52% Drop In Q4 Earnings

(RTTNews) - Vasco Data Security International (VDSI) reported a profit for fourth quarter that decreased compared to the same period last year.

The company said its profit dropped to $5.99 million, or $0.15 per share. This was down from $12.57 million, or $0.32 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 18.5% to $50.89 million. This was down from $62.43 million last year.

Vasco Data Security International earnings at a glance:

-Earnings (Q4): $5.99 Mln. vs. $12.57 Mln. last year. -Earnings Decline (Y-o-Y): -52.3% -EPS (Q4): $0.15 vs. $0.32 last year. -EPS Decline (Y-o-Y): -53.1% -Revenue (Q4): $50.89 Mln vs. $62.43 Mln last year. -Revenue Change (Y-o-Y): -18.5%