NetScout Systems, Inc. (NTCT: Quote) reported net income for the third quarter of $11.1 million or $0.26 per share, compared to $10.0 million or $0.24 per share for the year-ago quarter.
Excluding items, adjusted net income for the third quarter was $15.3 million or $0.36 per share, compared to $14.8 million or $0.35 per share in the prior year quarter.
Revenue for the third quarter rose to $91.57 million from $83.30 million a year ago, while adjusted revenue grew to $91.97 million from $83.42 million last year.
Analysts polled by Thomson Reuters expected the company to earn $0.35 per share on revenue of $90.63 million for the third quarter. Analysts’ estimates typically exclude special items.
For the fiscal year 2013, the company said it now expects revenue of $346 million to $351 million and adjusted revenue of $347 million to $352 million. Previously, the company expected both fiscal 2013 revenue and adjusted revenue to be in the range of $340 million to $355 million.
The company lowered its fiscal year 2013 earnings guidance to a range of $0.92 to $0.96 per share from its prior guidance range of $0.94 to $1.00 per share.
However, NetScout raised its fiscal 2013 adjusted earnings outlook to a range of $1.28 to $1.32 per share from its prior outlook of $1.24 and $1.30 per share.
Analysts currently expect the company to earn $1.28 per share on revenue of $350.08 million for the fiscal year 2013.
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by RTT Staff Writer
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