Forescout stock rallies 8% after company's quarterly loss narrows [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 rallies 8% after company's quarterly loss narrows Shares of Forescout Technologies Inc. FSCT, -2.26% rallied more than 8% late Thursday after the network and Internet-of-things security company reported an adjusted loss that was narrower than expected, and its sales surpassed forecasts. Forescout said it lost $28.2 million, or 74 cents a share, compared with $27.1 million, or $4.57 a share, in the year-ago period. Adjusted for one-time items, the company lost $14.6 million, or 38 cents a share, in the quarter, compared with $22.5 million, or $3.79 a share, a year ago. Revenue rose 42% to $59.7 million, from $42.2 million. Analysts polled by FactSet had expected an adjusted loss of 45 cents a share on sales of $56 million for the company. "We once again saw strong performance across our business as a whole, as the need for visibility solutions touches organizations of all sizes and industries globally," Chief Financial Officer Criss Harms said in a statement. Foresco
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