Plus   Neg

Check Point Software Q2 Results Top View - Quick Facts

Cyber security solutions provider Check Point Software Technologies Ltd. (CHKP) reported Wednesday net income for the second quarter grew to $196.4 million or $1.38 per share from $185.5 million or $1.21 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $225.0 million or $1.58 per share, compared to $211.5 million or $1.38 per share in the year-ago quarter.

On average, 26 analysts polled by Thomson Reuters expected the company to report earnings of $1.44 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter increased 4 percent to $505.6 million from $488.1 million in the same quarter last year. Analysts expected revenues of $488.04 million.

As of June 30, 2020, deferred revenues were $1.34 billion, up 4 percent from last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
Follow RTT