FireEye: 2Q Earnings Snapshot
Aug. 01, 2018
MILPITAS, Calif. (AP) _ FireEye Inc. (FEYE) on Wednesday reported a loss of $72.9 million in its second quarter.
The Milpitas, California-based company said it had a loss of 38 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were less than 1 cent on a per-share basis.
The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The computer security software company posted revenue of $202.7 million in the period, also surpassing Street forecasts. Twelve analysts surveyed by Zacks expected $201.4 million.
For the current quarter ending in October, FireEye expects its per-share earnings to range from 1 cent to 3 cents.
The company said it expects revenue in the range of $206 million to $210 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $207.9 million.
FireEye expects full-year revenue in the range of $820 million to $830 million.
FireEye shares have risen 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.69, a rise of nearly 7 percent in the last 12 months.