SailPoint shares rally as results, outlook top Street view

Wed, 21 Feb 2018 22:21:44 GMT

SailPoint Technologies Holdings Inc. shares rallied in the extended session Wednesday after the identity governance company's quarterly results and outlook topped Wall Street estimates. SailPoint shares surged 7% after hours. The company reported fourth-quarter net income of $5.4 million, or 3 cents a share, compared with a loss of $3.3 million, or 6 cents a share, in the year-ago period. Adjusted earnings were 17 cents a share. Revenue rose to $67.8 million from $44.3 million in the year-ago period. Analysts surveyed by FactSet had estimated 8 cents a share on revenue of $55.6 million. For the first quarter, SailPoint estimates an adjusted loss of 4 cents to 3 cents a share on revenue of $44 million to $45 million. Analysts expect a loss of 6 cents a share on revenue of $43 million.

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