Nice Systems beats 2Q profit forecasts

RA'ANANA, Israel (AP) " Nice Systems Ltd. (NICE) on Thursday reported second-quarter profit of $25.4 million.

The Ra'Anana, Israel-based company said it had net income of 42 cents per share. Earnings, adjusted for one-time gains and costs, were 79 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The data security and surveillance company posted revenue of $228.5 million in the period. Adjusted revenue amounted to $235.4 million, topping Street forecasts. Three analysts surveyed by Zacks expected $234.2 million.

For the current quarter ending in October, Nice Systems expects its per-share earnings to range from 78 cents to 84 cents.

The company expects full-year earnings in the range of $3.48 to $3.58 per share.

Nice Systems shares have risen 13 percent since the beginning of the year. The stock has risen 4 percent in the last 12 months.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NICE at http://www.zacks.com/ap/NICE

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Keywords: Nice Systems, Earnings Report

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This story has been corrected to show that Nice Systems' adjusted revenue beat Wall Street expectations.

This story has been automatically published from the Associated Press wire which uses US spellings

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