Brief: Netscout Systems Sees 2018 Non-GAAP EPS About $1.30 To $1.45

NetScout Systems

10/01/2018 13:37

Jan 10 (Reuters) - Netscout Systems Inc  NTCT.O : 
    * NETSCOUT SYSTEMS REPORTS PRELIMINARY FINANCIAL RESULTS FOR 
THIRD 
QUARTER FISCAL YEAR 2018 AND REVISES OUTLOOK FOR FISCAL YEAR 
2018 
    * SEES Q3 NON-GAAP REVENUE ABOUT $270 MILLION TO $274 
MILLION  
    * SEES FY NON-GAAP 2018 REVENUE ABOUT $1.0 BILLION TO $1.025 
BILLION 
    * SEES FY 2018 NON-GAAP EARNINGS PER SHARE ABOUT $1.30 TO 
$1.45 
    * SEES FY 2018 GAAP EARNINGS PER SHARE $0.53 TO $0.84 
    * Q3 REVENUE VIEW $314.8 MILLION -- THOMSON REUTERS I/B/E/S 
    * SAYS TO ENTER INTO ACCELERATED SHARE REPURCHASE AGREEMENTS 
TO 
REPURCHASE AT LEAST $250 MILLION OF ITS COMMON STOCK 
    * SAYS ANTICIPATES ASR WILL BE FUNDED BY ADDITIONAL DEBT IN 
CONJUNCTION WITH AMENDING, EXPANDING EXISTING CREDIT FACILITY 
    * SAYS ANTICIPATES EXPANDING SIZE OF ITS EXISTING CREDIT 
FACILITY 
FROM $800 MILLION TO $1 BILLION 
    * SEES 2018 GAAP REVENUE TO BE IN RANGE OF ABOUT $985 
MILLION AND 
$1.015 BILLION 
    * SEES FISCAL YEAR 2018 NON-GAAP EFFECTIVE TAX AROUND 28 
PERCENT 
VERSUS PRIOR PLANS OF 33 PERCENT TO 34 PERCENT 
    * FY2018 EARNINGS PER SHARE VIEW $1.99, REVENUE VIEW $1.18 
BILLION 
-- THOMSON REUTERS I/B/E/S 
    * SAYS GAAP NET INCOME FOR Q3 IS ANTICIPATED TO RANGE 
BETWEEN 
$0.99 PER SHARE AND $1.02 PER SHARE 
    * SAYS NON-GAAP NET INCOME FOR Q3 ANTICIPATED TO RANGE 
BETWEEN 
$0.66 PER SHARE AND $0.69 PER SHARE 
    * Q3 EARNINGS PER SHARE VIEW $0.64 -- THOMSON REUTERS 
I/B/E/S 
    * SEES Q3 NON-GAAP REVENUE ABOUT $270 MILLION TO $274 
MILLION 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nBw22v6TKa 
Further company coverage:  NTCT.O  
 
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