Varonis Systems (NASDAQ:VRNS) reported its Q1 earnings results on Monday, May 2, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Varonis Systems beat estimated earnings by 10.0%, reporting an EPS of $-0.09 versus an estimate of $-0.1.

Revenue was up $21.48 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 3.48% increase in the share price the next day.

Here's a look at Varonis Systems's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Varonis Systems management provided guidance for Q2 2022, expecting earnings between $-0.02 and $-0.01 per share.

To track all earnings releases for Varonis Systems visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.