07:46 AM EST, 11/13/2024 (MT Newswires) -- CyberArk Software ( CYBR ) reported Q3 non-GAAP earnings Wednesday of $0.94 per diluted share, up from $0.42 a year earlier.

Analysts polled by Capital IQ expected $0.46.

Revenue for the quarter ended Sept. 30 was $240.1 million, compared with $191.2 million a year earlier.

Analysts polled by Capital IQ expected $234.1 million.

For Q4, the company expects non-GAAP EPS of $0.65 to $0.75 and $297 million to $303 million in revenue. Analysts polled by Capital IQ expect $0.62 in adjusted EPS on revenue of $306 million.

CyberArk Software ( CYBR ) raised its 2024 outlook and said it now expects $2.85 to $2.96 in non-GAAP EPS, from the previous range of $2.17 to $2.36.

Revenue for the year is now estimated at $983 million to $989 million, from $932 million to $942 million previously.

Analysts polled by Capital IQ expect $2.41 in adjusted EPS on revenue of $964 million.

CyberArk Software ( CYBR ) shares were up over 7% premarket.