Check Point Software Technologies Ltd. (CHKP) 2Q20 Earnings Beat Street Estimates

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Check Point Software Technologies Ltd. (NASDAQ:CHKP) announced its second quarter earnings results on Wednesday 22nd July 2020 before market open.

The security software and hardware services provider, reported $ 1.38 income per share for the quarter.

On adjusted basis, Check Point Software Technologies Ltd. reported income for the quarter of $ 1.58 per share, beat the consensus estimate of $ 1.44 income per share by $ 0.14 or 9.72 percent.

The quarterly earnings surged 14.05 percent compared with the same quarter last year.

The firm had revenue of $ 505.60 million for the quarter, compared to the consensus estimate of $ 488.04 million. The revenues outshined analysts estimates by $ 17.56 million or 3.60 percent.

The financial report showed revenues gained 3.59 percent versus second quarter of last year.

Analysts estimates are from Thompson Reuters, exclude one time gain or loss