Brief: Netscout Systems Reports Financial Results For Third Quarter Fiscal Year 2019

NetScout Systems

30/01/2019 12:46

Jan 30 (Reuters) - Netscout Systems Inc  NTCT.O :
    * NETSCOUT SYSTEMS REPORTS FINANCIAL RESULTS FOR THIRD
QUARTER
FISCAL YEAR 2019
    * Q3 NON-GAAP EARNINGS PER SHARE $0.45
    * Q3 GAAP LOSS PER SHARE $0.05
    * Q3 EARNINGS PER SHARE ESTIMATE $0.40 -- REFINITIV IBES
DATA
    * SEES FY 2019 NON-GAAP EARNINGS PER SHARE $1.30 TO $1.35
    * SEES FY 2019 GAAP LOSS PER SHARE $0.89 TO $0.96
    * VOLUNTARY SEPARATION PROGRAM AND OTHER PROGRAMS ARE STILL
EXPECTED TO RESULT IN A NET REDUCTION OF APPROXIMATELY 145
EMPLOYEES
    * RECORDED A RESTRUCTURING CHARGE OF $13.9 MILLION IN Q3
    * NETSCOUT SYSTEMS - EXPECTS TO RECORD ADDITIONAL
RESTRUCTURING
CHARGE IN RANGE OF $1.5 MILLION - $2.0 MILLION IN Q4 OF FISCAL
YEAR 2019 FOR SEVERANCE COSTS
    * EXPECTS RESTRUCTURING WILL GENERATE NET ANNUAL RUN-RATE
SAVINGS
OF APPROXIMATELY $22 TO $24 MILLION
    * NETSCOUT SYSTEMS - 2019 GAAP REVENUE NOW EXPECTED TO BE
AROUND
$923 MILLION VERSUS ITS PRIOR NOVEMBER 2018 GUIDANCE THAT RANGED
FROM $923 MILLION TO $958 MILLION
    * 2019 NON-GAAP REVENUE NOW EXPECTED TO BE AROUND $925
MILLION,
COMPARED WITH NOV GUIDANCE THAT RANGED FROM $925 MILLION TO $960
MILLION
    * FY2019 EARNINGS PER SHARE VIEW $1.32, REVENUE VIEW $933.8
MILLION -- REFINITIV IBES DATA
    * TOTAL REVENUE (GAAP) FOR Q3 OF FISCAL YEAR 2019 WAS $246.0
MILLION, COMPARED WITH $268.9 MILLION IN SAME QUARTER ONE YEAR
AGO
    * NETSCOUT SYSTEMS - NON-GAAP TOTAL REVENUE FOR Q3 OF FISCAL
YEAR
2019 WAS $246.3 MILLION VERSUS $272.0 MILLION IN SAME QUARTER
ONE YEAR AGO

Source text for Eikon:  ID:nBw9sHwNxa 
Further company coverage:  NTCT.O 

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