(RTTNews) - OneSpan Inc. (OSPN) reported a profit for third quarter that Decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $6.51 million, or $0.17 per share. This compares with $8.27 million, or $0.21 per share, last year.
Excluding items, OneSpan Inc. reported adjusted earnings of $12.88 million or $0.33 per share for the period.
Analysts on average had expected the company to earn $0.29 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.5% to $57.06 million from $56.24 million last year.
OneSpan Inc. earnings at a glance (GAAP) :
-Earnings: $6.51 Mln. vs. $8.27 Mln. last year. -EPS: $0.17 vs. $0.21 last year. -Revenue: $57.06 Mln vs. $56.24 Mln last year.
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