Investing.com - Varonis Systems reported on Monday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Varonis Systems announced earnings per share of $0.06 on revenue of $123.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.06 on revenue of $124.35M.
Varonis Systems shares are down 14% from the beginning of the year and are trading at $21.20 , down-from-52-week-high.
Varonis Systems shares lost 20.81% in after-hours trade the report.
Varonis Systems follows other major Information Technology sector earnings this month
Varonis Systems's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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