January 10, 2018 / 1:44 PM / 5 months ago

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

* 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

* 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: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below