Rapid7: Q2 Earnings Snapshot
BOSTON (AP) _ Rapid7 Inc. (RPD) on Wednesday reported a loss of $39.6 million in its second quarter.
On a per-share basis, the Boston-based company said it had a loss of 68 cents. Losses, adjusted for stock option expense and amortization costs, were 1 cent per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The cybersecurity company posted revenue of $167.5 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $164.4 million.
For the current quarter ending in October, Rapid7 expects its per-share earnings to range from 3 cents to 6 cents.
The company expects full-year earnings in the range of 8 cents to 15 cents per share.