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published in Blogs
Dec 08, 2022
Verint (VRNT, $37.04) tops earnings expectations; lowers revenue outlook

Verint (VRNT, $37.04) tops earnings expectations; lowers revenue outlook

Verint Systems reported quarterly adjusted earnings of $0.69 per share, which exceeded the Zacks Consensus Estimate of $0.58 per share (according to Zacks Equity Research). This compares to earnings of $0.69 per share a year ago.

Revenues of $225.62 million (vs. $226.93 million in the year-ago quarter) missed the Zacks Consensus Estimate by 0.80%. (according to Zacks Equity Research).

The company now expects revenue for the year ending Jan. 31 of about $900 million, vs.  prior forecast of $920 million.

Related Tickers: VRNT