Rapid7 Q2 Earnings Beat As Cybersecurity Remains Hot
Cybersecurity firm Rapid7 (RPD) turned in better-than-expected earnings after the close Tuesday, its first financial report since its initial public offering last month. The company reported Q2 revenue of $25.8 million, up 44% from the year-earlier quarter and beating the consensus estimate of $23.6 million, as polled by Thomson Reuters. It lost 61 cents per share minus items, but consensus called for an 84-cent loss. Rapid7 stock, which rose 6.3%