Forescout stock falls on second-quarter outlook [MarketWatch]
FORESCOUT TECHNOLOGIES (FSCT)
Last forescout technologies earnings: 2/6 08:05 am
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US:NASDAQ Investor Relations:
investors.forescout.com/investor-relations
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Source: MarketWatch
Forescout stock falls on second-quarter outlook Forescout Technologies Inc. FSCT, +2.58% shares dropped in the extended session Thursday after the cybersecurity company's second-quarter outlook fell short of Wall Street estimates. Forescout shares fell 17% after hours, following a 2.6% rise to close the regular session at $43.30. Forescout expects an adjusted loss of 48 cents to 46 cents a share on revenue of $75.3 million to $78.3 million for the second quarter, and an adjusted loss of 41 cents to 34 cents a share on revenue of $365.3 million to $375.3 million for the year. Analysts had forecast a loss of 25 cents on revenue of $82.7 million for the second quarter, and a loss of 38 cents on revenue of $369.6 million for the year. The company reported a first-quarter loss of $34.3 million, or 78 cents a share, compared with a loss of $28.2 million, or 74 cents a share, in the year-ago period. The adjusted loss was 41 cents a share. Revenue rose to $75.6 million from $59.7 million in
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