05:39 PM EDT, 08/06/2024 (MT Newswires) -- Qualys ( QLYS ) dropped over 7% in extended session, after reporting Q2 non-GAAP net income Tuesday of $1.52 per diluted share, up from $1.27 a year earlier.

Analysts polled by Capital IQ expected $1.32.

Revenue for the quarter ended June 30 was $148.7 million, compared with $137.2 million a year earlier.

Analysts expected $148.8 million.

For Q3, the company is projecting non-GAAP EPS of $1.28 to $1.36 on revenue of $149.8 million to $151.8 million.

Analysts are looking for $1.27 and $153.7 million, respectively.

For 2024, the company now sees non-GAAP EPS of $5.46 to $5.62 on revenue of $597.5 million to $601.5 million. The company previously had been expecting to earn between $5.06 to $5.30 on revenue of $601.5 million to $608.5 million.

Analysts have been looking for $5.27 and $605.8 million, respectively.

Price: 127.07, Change: -10.03, Percent Change: -7.32