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Stock impact report

NetScout Systems Inc (NTCT) Faces Headwinds: A Dive into Q3 FY24 Earnings [Yahoo! Finance]

NetScout Systems, Inc. (NTCT) 
Last netscout systems, inc. earnings: 1/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.netscout.com
Company Research Source: Yahoo! Finance
Net Loss : GAAP net loss for Q3 FY24 was $132.6 million, including a non-cash goodwill impairment charge, compared to a net income of $52.6 million in Q3 FY23. Non-GAAP Performance : Non-GAAP net income was $52.0 million for Q3 FY24, down from $73.0 million in Q3 FY23. Share Repurchase : NetScout repurchased 705,892 shares at an average price of $26.66 per share during Q3 FY24. Financial Outlook : Updated FY24 revenue forecast at the low end of the previously disclosed range of $840 million to $860 million. Cost Containment : Non-GAAP EPS performance expected at the higher end of the previously disclosed range due to ongoing cost containment actions. Warning! GuruFocus has detected 1 Warning Sign with STBA. On January 25, 2024, NetScout Systems Inc ( NASDAQ:NTCT ) released its 8-K filing , reporting financial results for the third quarter of fiscal year 2024. The company, a leading provider of service assurance and cybersecurity solutions, faced a challenging market envir Show less Read more
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