NEW YORK (TheStreet) -- Shares of Cyber-Ark Software (CYBR) surged 17.66% to $39.65 in after-hours trading Wednesday after the information security company reported third-quarter earnings that smashed analysts' expectations.
The company posted adjusted income of $5.9 million for the quarter, up from $3.3 million in the same period one year earlier. Adjusted earnings totaled 20 cents a share, up from 12 cents a share in the third quarter last year. Revenue rose 66% year-over-year to $28 million.
Analysts had expected earnings of a penny a share on revenue of $20.89 million.
For the fourth quarter, Cyber-Ark expects adjusted earnings in the range of 4 cents to 6 cents a share on revenue in the range of $26 million to $27 million. The consensus estimate calls for EPS of 2 cents on revenue of $25.13 million.
For the full year, the company expects adjusted earnings per share in the range of 29 cents to 31 cents on revenue of $92.7 million to $93.7 million. Analysts expect EPS of 13 cents on revenue of $84.84 million.CYBR data by YCharts