Vasco Data Security International Announces 74% Retreat In Q3 Earnings

(RTTNews) - Vasco Data Security International (VDSI) reported a profit for third quarter that decreased compared to the same period last year.

The company said its earnings came in at $3.51 million, or $0.09 per share. This was lower than $13.31 million, or $0.34 per share, in last year's third quarter.

The company said revenue for the quarter fell 27.3% to $43.65 million. This was down from $60.03 million last year.

Vasco Data Security International earnings at a glance:

-Earnings (Q3): $3.51 Mln. vs. $13.31 Mln. last year. -Earnings Decline (Y-o-Y): -73.6% -EPS (Q3): $0.09 vs. $0.34 last year. -EPS Decline (Y-o-Y): -73.5% -Revenue (Q3): $43.65 Mln vs. $60.03 Mln last year. -Revenue Change (Y-o-Y): -27.3%

-Guidance: Full year revenue guidance: $185 - $195 Mln