Shares of Zscaler Inc ZS are trading lower in Thursday’s after market session following an earnings beat. Here’s what investors need to know.
By The Numbers: Zscaler reported second-quarter earnings per share of 37 cents, beating consensus estimates of 29 cents. Revenue $387.6 million beat the $364.91-million consensus estimate.
The company issued third-quarter guidance ahead of estimates as well. Zscaler sees third-quarter EPS of 39 cents, beating consensus estimates of 31 cents. Revenue guidance of between $396 million and $398 million is ahead of the $387.32-million estimate.
Shares could be trading lower as the company announced a restructuring plan that wold see a 3% worldwide headcount reduction, and said it expects to incur between $8 million and $10 million in aggregate non-recurring charges.
ZS Price Action: Shares of Zscaler are trading 11.28% lower to $119 according to Benzinga Pro.
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