• SecureWorks: Fiscal 3Q Earnings Snapshot

    ATLANTA (AP) _ SecureWorks Corp. (SCWX) on Thursday reported a loss of $3.7 million in its fiscal third quarter.

    On a per-share basis, the Atlanta-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, were 6 cents per share.

    The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

    The information security services provider posted revenue of $133.1 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $130.7 million.

    For the current quarter ending in January, SecureWorks said it expects revenue in the range of $132 million to $133 million.

    The company expects full-year results to range from a loss of 1 cent per share to a loss of 45 cents per share, with revenue ranging from $520 million to $521 million.

    SecureWorks shares have increased 98 percent since the beginning of the year. The stock has risen 96 percent in the last 12 months.


    This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCWX at https://www.zacks.com/ap/SCWX

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