Qualys shares fall 8.1% on operating margin concerns despite beating Q3 estimates
QLYS Qualys Inc
$202.46 +6.33%
View chart & analysis → - 1Qualys reported adjusted earnings per share of $2.12 for the third quarter, exceeding analyst estimates of $1.96.
- 2Qualys achieved third-quarter revenue of $188 million, representing an 11% year-over-year revenue growth rate.
- 3The adjusted operating margin for the third quarter was 46%.
So what's the key point?
Qualys reported higher profits than experts expected. However, the stock price fell 8.1% due to concerns regarding the operating margin.
Source Investor's Business Daily +1 · View original ↗
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