NetScout Q2 Profit Tops Estimate

(RTTNews) - NetScout Systems, Inc. (NTCT) reported net income for the second quarter of $11.2 million or $0.27 per share, compared to $9.9 million or $0.24 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $16.6 million or $0.40 per share, compared to $14.3 million or $0.34 per share in the prior year quarter.

Total revenue for the second quarter rose 12% to $103.6 million from $92.1 million in the same period last year. Adjusted revenue for the second quarter also increased by 12%.

Analysts polled by Thomson Reuters expected the company to earn $0.34 per share on revenue of $102.27 million for the second quarter. Analysts' estimates typically exclude special items.

NetScout reiterated its fiscal year 2015 guidance that was originally issued in May. The company still expects reported and adjusted revenue of $450 million to $465 million, earnings of $1.32 to $1.39 per share and adjusted earnings of $1.74 and $1.81 per share. Analyst currently expect the company to earn $1.79 per share on revenue of $459.00 million for the fiscal year 2015.