RTTNews | Aug 25, 2021 12:49PM EDT

12:49 Wednesday, August 25, 2021 (RTTNews.com) - Massachusetts-based tech firm, N-able, Inc. (NABL) is trading 7% higher in the market on Wednesday after reporting its second-quarter results. N-able announced a net income of $0.46 million or $0.00 earnings per share, down from $3.22 million or $0.02 per share last year. On an adjusted basis, the net income of the company was $14.91 million or $0.09 earnings per share, down from $15.81 million or $0.10 per share. The revenue of the company increased to $85.34 million for the quarter, up from $73.42 million in the same quarter last year. The company expects revenues of $86.50 million to $87.00 million for the third quarter and $343 million to $345 million for the full year. The shares are currently trading at $13.82, up $0.90 or 6.97% higher than the previous close of $12.92. The shares opened at $13.30 and in the 52-week period, the shares have ranged between $11.66 and $16.00.

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