Qualys stock tanks after company’s Q1 guidance disappoints
Shares of Qualys Inc. QLYS, +1.76% fell nearly 15% in the extended session Tuesday after the cloud computing company reported adjusted fourth-quarter earnings and sales above Wall Street views but its guidance for first-quarter sales came in below expectations. Qualys said it earned $14.4 million, or 35 cents a share, in the quarter, compared with $2.9 million, or 7 cents a share, for the same quarter in 2017. Adjusted for one-time items, the company earned $21.3 million, or 51 cents a share, compared with $13 million, or 32 cents a share, a year ago. Revenue rose 18% to $74.2 million for the quarter, compared with $62.9 million a year ago. Analysts polled by FactSet had expected the company to earn an adjusted 40 cents a share on sales of $74.1 million. For the first quarter, the company guided for revenue between $74.5 million and $75.2 million, and adjusted profit between 41 cents a share and 43 cents a share. The analysts surveyed by FactSet expect first-quarter adjusted earnings of 42 cents a share on sales of $77 million. Shares of Qualys ended the regular trading day up 1.8%.
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