OAKBROOK TERRACE, Ill. — In a story October 26 about Vasco Data Security International Inc.’s quarterly earnings — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously that the company expects full-year revenue of $180 million to $185 million. The company expects full-year revenue in the range of $185 million to $190 million.

A corrected version of the story is below:

Vasco posts 3Q profit

Vasco Data Security posts 3rd-quarter profit of $2.8 million

OAKBROOK TERRACE, Ill. — Vasco Data Security International Inc. (VDSI) on Thursday reported third-quarter profit of $2.8 million.

On a per-share basis, the Oakbrook Terrace, Illinois-based company said it had net income of 7 cents.

The internet security company posted revenue of $51.1 million in the period.

Vasco expects full-year revenue in the range of $185 million to $190 million.

Vasco shares have dropped 11 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.10, a decline of 16 percent in the last 12 months.

_____

Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VDSI at https://www.zacks.com/ap/VDSI

Author photo
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.