N-able, Inc. Q4 Profit Decreases, But Beats Estimates

(RTTNews) - N-able, Inc. (NABL) released earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $3.29 million, or $0.02 per share. This compares with $9.35 million, or $0.05 per share, last year.

Excluding items, N-able, Inc. reported adjusted earnings of $18.84 million or $0.10 per share for the period.

Analysts on average had expected the company to earn $0.08 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 7.5% to $116.51 million from $108.42 million last year.

N-able, Inc. earnings at a glance (GAAP) :

-Earnings: $3.29 Mln. vs. $9.35 Mln. last year. -EPS: $0.02 vs. $0.05 last year. -Revenue: $116.51 Mln vs. $108.42 Mln last year.

-Guidance: Next quarter revenue guidance: $115.0 to $116.0 Mln