By Ben Glickman
Shares of Qualys rose Friday after the company’s third-quarter profit rose more than expected and the information-technology provider lifted its full-year guidance.
The stock was up 11% at $169.54 in afternoon trading. Shares are up 51% this year.
The Foster City, Calif.-based company logged a profit of $46.5 million, or $1.24 a share, compared with $27.7 million, or 71 cents a share, a year earlier. Analysts were expecting 77 cents a share and the company had forecast 71 cents to 76 cents a share in profit, according to FactSet.
Revenue rose 13% to $142 million, above the $141 million forecast by analysts polled by FactSet.
Qualys lifted its full-year earnings expectations to $3.71 to $3.81 a share, compared with its prior outlook of $3.07 to $3.22 a share.
Write to Ben Glickman at ben.glickman@wsj.com
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