Check Point Software Technology (CHKP) Tops Q3 EPS by 5c

October 31, 2016 6:21 AM EDT
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Check Point Software Technology (NASDAQ: CHKP) reported Q3 EPS of $1.13, $0.05 better than the analyst estimate of $1.08. Revenue for the quarter came in at $428 million versus the consensus estimate of $422.79 million.

"Third quarter financial results were very good with revenues coming in toward the upper end of our projections and earnings per share that exceeded our projections. Customers continue to leverage the Check Point security platform and increase their adoption of our advanced security capabilities which is resulting in higher subscription revenues," said Gil Shwed, founder and chief executive officer, "We continued to see strong sales of our SandBlast, Zero Day Protection solutions, resulting in triple-digit growth as customers focus on prevention."

For earnings history and earnings-related data on Check Point Software Technology (CHKP) click here.

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