VASCO Data Security Q2 Results Top Estimates

(RTTNews) - VASCO Data Security International, Inc. (VDSI) reported net income for the second quarter of $13.9 million or $0.35 per share, compared to $6.9 million or $0.17 per share for the year-ago quarter.

Income from continuing operations for the second quarter was $13.9 million or $0.35 per share, compared to $6.9 million or $0.17 per share in the prior year quarter.

Revenue for the second quarter rose 37% to $65.39 million from $47.65 million in the second quarter of 2014.

Analysts polled by Thomson Reuters expected the company to earn $0.28 per share on revenue of $64.67 million for the second quarter. Analysts' estimates typically exclude special items.

VASCO reaffirmed its full-year 2015 revenue guidance of $230 million to $240 million, and operating margin guidance of 19% to 22%. Analysts currently expect the company to post revenue of $238.78 million for the full year 2015.