NetScout Systems Lifts 2016 Adj. Earnings Outlook - Quick Facts

(RTTNews) - While reporting its second-quarter financial results today, NetScout Systems Inc. (NTCT) lowered its outlook for fiscal 2016 reported earnings and revenue, but raised its full-year guidance for adjusted earnings and also affirmed its adjusted revenue outlook.

For fiscal 2016, NetScout now forecasts revenue in a range of about $997 million to $1.047 billion, down from the prior guidance range of $1.006 billion to $1.056 billion. However, the company maintained its adjusted revenue outlook in a range of $1.05 billion to $1.1 billion.

The company now expects fiscal 2016 reported net loss in a range of $0.10 to $0.25 per share and adjusted net income of $1.82 to $1.97 per share. Earlier, the company forecast net income between $0.40 and $0.55 per share and adjusted net income per share in a range of $1.80 to $1.95 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.86 per share for the year on revenues of $1.06 billion. Analysts' estimates typically exclude special items.