Zix: 2Q Earnings Snapshot
Posted August 5, 2020 2:52 pm.
Last Updated August 5, 2020 3:03 pm.
This article is more than 5 years old.
DALLAS (AP) _ Zix Corp. (ZIXI) on Wednesday reported a loss of $1.9 million in its second quarter.
On a per-share basis, the Dallas-based company said it had a loss of 8 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The email encryption company posted revenue of $53.3 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $52.5 million.
For the current quarter ending in October, Zix expects its per-share earnings to be 10 cents.
The company said it expects revenue in the range of $53.5 million to $54 million for the fiscal third quarter.
Zix expects full-year earnings in the range of 38 cents to 39 cents per share, with revenue ranging from $211 million to $217 million.
Zix shares have increased 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.69, a drop of almost 8% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZIXI at https://www.zacks.com/ap/ZIXI
The Associated Press
