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FireEye: 2Q Earnings Snapshot

July 30, 2019

MILPITAS, Calif. (AP) _ FireEye Inc. (FEYE) on Tuesday reported a loss of $67.3 million in its second quarter.

On a per-share basis, the Milpitas, California-based company said it had a loss of 33 cents. Losses, adjusted for stock option expense and amortization costs, were 1 cent per share.

The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The computer security software company posted revenue of $217.6 million in the period, surpassing Street forecasts. Ten analysts surveyed by Zacks expected $215.2 million.

For the current quarter ending in October, FireEye said it expects revenue in the range of $217 million to $221 million. Analysts surveyed by Zacks had expected revenue of $228.9 million.

The company expects full-year revenue in the range of $865 million to $875 million.

FireEye shares have fallen 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.06, an increase of almost 4% in the last 12 months.


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

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