Nice: Q1 Earnings Snapshot

RA'ANANA, Israel (AP) — RA'ANANA, Israel (AP) — Nice Ltd. (NICE) on Thursday reported first-quarter earnings of $106.4 million.

The Ra'Anana, Israel-based company said it had profit of $1.60 per share. Earnings, adjusted for one-time gains and costs, came to $2.58 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.45 per share.

The software company posted revenue of $659.3 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $654.8 million.

For the current quarter ending in June, Nice expects its per-share earnings to range from $2.53 to $2.63.

The company said it expects revenue in the range of $657 million to $667 million for the fiscal second quarter.

Nice expects full-year earnings in the range of $10.53 to $10.73 per share, with revenue ranging from $2.72 billion to $2.74 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NICE at https://www.zacks.com/ap/NICE