N-able, Inc. (NABL) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $7.46 million, or $0.04 per share. This compares with $3.54 million, or $0.02 per share, in last year's first quarter.
Excluding items, N-able, Inc. reported adjusted earnings of $19.84 million or $0.11 per share for the period.
Analysts on average had expected the company to earn $0.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.0% to $113.75 million from $99.82 million last year.
N-able, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $7.46 Mln. vs. $3.54 Mln. last year.
-EPS (Q1): $0.04 vs. $0.02 last year.
-Revenue (Q1): $113.75 Mln vs. $99.82 Mln last year.
-Guidance:
Next quarter revenue guidance: $116.5 Mln-$117 Mln
Full year revenue guidance: $462 Mln-$465 Mln
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