Ping Identity stock rises as results, outlook top Street view [MarketWatch]
Ping Identity Holding Corp. (PING)
Last ping identity holding corp. earnings: 3/4 04:10 pm
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Source: MarketWatch
Ping Identity stock rises as results, outlook top Street view Ping Identity Holding Corp. PING, +3.64% shares rose in the extended session Wednesday after the cybersecurity company's results and outlook topped Wall Street estimates. Ping shares rose 2.7% after hours, following a 3.6% rise in the regular session to close at $23.35. The company reported fourth-quarter net income of $2.2 million, or 3 cents a share, compared with a loss of $2.1 million, or 3 cents a share, in the year-ago period. Adjusted earnings were 14 cents a share. Revenue rose to $68.2 million from $59.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 10 cents a share on revenue of $65.7 million. Ping expects revenue of $60.5 million to $62.5 million for the first quarter, and $263 million to $273 million for the year. Analysts had forecast revenue of $53.3 million for the first quarter, and $265.9 million for the year.
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