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Radware beats Street 3Q forecasts(Associated Press Via Acquire Media NewsEdge) TEL AVIV, Israel (AP) _ Radware Ltd. (RDWR) on Tuesday reported net income of $7.8 million in its third quarter. The Tel Aviv, Israel-based company said it had profit of 17 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 24 cents per share. The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. The network management software maker posted revenue of $56.8 million in the period, also beating Street forecasts. Analysts expected $54.6 million, according to Zacks. Radware shares have declined slightly more than 5 percent since the beginning of the year. The stock has risen 20 percent in the last 12 months. This story was generated by Automated Insights using data from Zacks Investment Research. RDWR stock research report from Zacks. Keywords:Radware,Earnings Report |