LifeLock Q4 Profit Rises

(RTTNews) - LifeLock Inc. (LOCK), Wednesday reported fourth-quarter net income of $53.2 million or $0.54 per share, compared to $4.1 million or $0.01 per hare last year.

Adjusted net income for the quarter was $21.5 million or $0.22 per share, up from $8.9 million or $0.10 per share last year. On average, 7 analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter grew 30 percent to $102.3 million from $78.8 million last year. Analysts estimated revenues of $100.3 million for the quarter.

Looking forward to the first quarter, the company expects adjusted loss of $0.03 to $0.02 per share and revenues of $105.0 million to $106.0 million. Analysts currently estimate earnings of $0.03 per share on revenues of $102.85 million.

For the full year 2014, adjusted income is expected to be in a range of $0.42 to $0.47 per share and revenues of $455.0 million to $465.0 million. Analysts currently estimate earnings of $0.44 per share on revenues of $445.86 million for the year.