Check Point Software Technologies Ltd Q1 Profit Increases, beats estimates

(RTTNews) - Check Point Software Technologies Ltd (CHKP) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $184.1 million, or $1.52 per share. This compares with $169.4 million, or $1.30 per share, in last year's first quarter.

Excluding items, Check Point Software Technologies Ltd reported adjusted earnings of $217.9 million or $1.80 per share for the period.

Analysts on average had expected the company to earn $1.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.3% to $566.2 million from $542.7 million last year.

Check Point Software Technologies Ltd earnings at a glance (GAAP) :

-Earnings (Q1): $184.1 Mln. vs. $169.4 Mln. last year. -EPS (Q1): $1.52 vs. $1.30 last year. -Analyst Estimate: $1.74 -Revenue (Q1): $566.2 Mln vs. $542.7 Mln last year.