Check Point Software Technologies Third Quarter 2024 Earnings: In Line With Expectations

Check Point Software Technologies (NASDAQ:CHKP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$635.1m (up 6.5% from 3Q 2023).
• Net income: US$206.9m (flat on 3Q 2023).
• Profit margin: 33% (down from 34% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.87 (up from US$1.77 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Check Point Software Technologies Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 14% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Check Point Software Technologies' balance sheet health.

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