In Thursday trading, shares of SailPoint Technologies Holdings Inc. (SAIL, Financial) were 12% higher on the heels of the company reporting its financial results for the fourth quarter. The company posted an adjusted earnings per share of 17 cents. The company’s revenue of $67.8 million was also higher than the figure reported a year earlier, 52.9% year-over-year. Further, the company managed to beat earnings estimates by 9 cents and $12.3 million in revenue.
Mark McClain, SailPoint’s CEO and Co-founder, said, “Global organizations are increasingly turning to SailPoint’s market-leading identity governance solutions to enable and secure their digital identities by providing the visibility and control required to understand who has access to which applications and data, and whether that access is appropriate.”
Looking ahead, for the first quarter of 2018, the company expects revenue in the range of $44 million and $45 million, non-GAAP loss from operations in the range of $0.5 million to $1.5 million.
Shares of Avis Budget Group Inc. (CAR, Financial) advanced today 10% after the company posted its financial results for the fourth quarter. For the quarter, the company reported annual net sales growth of 7.4% to $2.02 billion, while its profit advanced to 45 cents, beating estimations by 23 cents. Moreover, the company beat analysts’ estimates by $20 million in revenue.
The growth was fueled by a 7% increase in overall rental days and higher year-over-year local currency time and mileage revenue per day.
“Our fourth quarter results reflect the achievement of strong global volume growth, positive pricing in the Americas and the benefits from our relentless focus on costs,” said Larry De Shon, Avis Budget Group president and CEO.
For the full fiscal year, the company expects revenue to be between $9.2 billion and $9.45 billion and adjusted EBITDA to be between $740 million and $820 million.
Shares of Apache Corp. (APA, Financial) are in positive territory after reporting fourth-quarter earnings per share of $33 cents on revenue of $1.59 billion. The revenue growth was 9.7% year-over-year.Ă‚ The company beat earnings per share estimations by 11 cents and by $40 million in revenue.Ă‚ For the year, the company reported net income of $1.3 billion, or $3.41 per share, and revenue of $6.42 billion.
Disclosure: The author holds no position in any stocks mentioned.
