RAANANA, Israel (AP) "
In a story Nov. 10 about Nice Ltd.'s earnings " generated by Automated Insights using data from Zacks Investment Research " The Associated Press reported erroneously that the company was still called Nice Systems Ltd. It changed its name and no longer focuses on data security and surveillance. The dateline has been changed to conform with AP style.
A corrected version of the story is below:
Nice Ltd. beats 3Q profit forecasts
Nice Ltd. tops 3Q net income expectations, misses revenue forecasts
RAANANA, Israel (AP) " Nice Ltd. (NICE) on Thursday reported third-quarter earnings of $30.3 million.
On a per-share basis, the Raanana, Israel-based company said it had net income of 50 cents. Earnings, adjusted for one-time gains and costs, were 83 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The software enterprise company posted revenue of $237.2 million in the period, missing Street forecasts.
Five analysts surveyed by Zacks expected $240.3 million.
For the current quarter ending in December, Nice expects its per-share earnings to range from $1.10 to $1.22.
The company expects full-year earnings in the range of $3.53 to $3.65 per share.
Nice shares have risen 20 percent since the beginning of the year. The stock has risen 12 percent in the last 12 months.
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 https://www.zacks.com/ap/NICE
Keywords: Nice, Earnings Report
This story has been automatically published from the Associated Press wire which uses US spellings