Verint Systems Q3 Profit Surges - Quick Facts

(RTTNews) - Verint Systems Inc. (VRNT) third-quarter profit of $22.49 million or $0.42 per share, up from $1.56 million or $0.04 per share in the same period last year.

Adjusted earnings for the quarter was $43.13 million or $0.80 per share. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.65 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $224.31 million from $201.52 million last year. Analysts expected revenues of $223.63 million.

Looking ahead to the fiscal year 2014, the company has raised the mid-point of its earnings guidance, and currently projects earnings in the range of $2.75 to $2.80 per share. Analysts currently expect full-year earnings of $2.78 per share.