Qualys shares fall after full-year outlook below analyst estimates

Qualys Inc. shares fell 8.3% in the extended session Thursday after the software company beat earnings expectations but issued full-year guidance below Wall Street estimates. The company reported first-quarter net income of $18.7 million, or 46 cents a share, compared with $13.3 million, or 32 cents a share, in the year-ago period. Adjusted for stock compensation, among other things, earnings were 65 cents a share compared with 49 cents a year ago. Revenue rose to $86.3 million from $75.3 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 60 cents a share on revenue of $85.7 million. For the second quarter, analysts model adjusted earnings of 61 cents a share and sales of $88.8 million. Qualys said it expects second-quarter adjusted earnings of 63 cents to 65 cents a share and sales of $88 million to $88.6 million. The company said it expects full-year adjusted earnings of $2.46 to $2.51 a share and sales of $354 million to $359 million. Analysts had expected full-year adjusted earnings of $2.54 a share and sales of $389.5 million. Qualys stock rose 28% in the last year, with the S&P 500 index rising 1.2%.

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