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SailPoint Technologies Q1 Revenue Gain, Q2 EPS Guidance Trail Street Views; Stock Down 8% Late

05/10/2021 13:07

04:56 PM EDT, 05/10/2021 (MT Newswires) -- SailPoint Technologies Holdings (SAIL) late Monday reported Q1 net income of $0.00 per share, down from $0.04 per share in the year-ago quarter but matching the average analyst estimate in a Capital IQ poll.

Revenue for the quarter ended March 31 was $90.8 million, compared with $75.4 million in the year-ago period.

Analysts were expecting revenue of $91.19 million.

The company said it expects a Q2 loss of $0.05 to $0.07 per share on revenue of $98 million to $100 million, compared with average analyst estimates of breakeven EPS on revenue of $98.75 million.

Shares were down about 8% in the after-hours session.

Price: 41.00, Change: -3.29, Percent Change: -7.43