Verint Q1 Profit Tops Estimates; Revenue Falls Short

(RTTNews) - Verint Systems Inc. (VRNT) reported a net loss attributable to the company of $416,000 or $0.01 per share for the first quarter, compared to net income attributable to the company of $28.0 million or $0.51 per share for the year-ago quarter.

Excluding items, adjusted earnings per share for the first quarter were $0.66, compared to $0.72 in the prior year quarter.

Total revenue for the first quarter rose to $269.54 million from $257.39 million a year ago., while adjusted total revenue grew to $270.36 million from $269.32 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.54 per share on revenue of $274.39 million for the first quarter. Analysts' estimates typically exclude special items.

The company maintained its full year adjusted revenue guidance range of $1.20 billion to $1.25 billion and adjusted earnings per share guidance range of $3.55 to $3.75. Analysts currently expect the company to earn $3.69 per share on revenue of $1.24 billion for the full year ending January 31, 2016.