Check Point Software Technologies Reports Third Quarter 2020 Financial Results

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Go back to Check Point Software Technologies Reports Third Quarter 2020 Financial Results

Check Point Software Technology (CHKP) Tops Q3 EPS by 11c, Revenues Beat

October 22, 2020 5:49 AM EDT

Check Point Software Technology (NASDAQ: CHKP) reported Q3 EPS of $1.64, $0.11 better than the analyst estimate of $1.53. Revenue for the quarter came in at $509 million versus the consensus estimate of $504.06 million.

Financial Highlights for the Third Quarter of 2020:

Total Revenue: $509 million compared to $491 million in the third quarter of 2019, a 4 percent increase year over year.GAAP Operating Income: $231 million compared to $214 million in the third quarter of 2019, representing 45 percent and 44 percent of revenues in the third quarter of 2020 and 2019, respectively.Non-GAAP Operating Income: $265 million compared to $246 million in the third... More