FireEye: 3Q Earnings Snapshot

Associated Press
Updated ·1 min read

MILPITAS, Calif. (AP) _ FireEye Inc. (FEYE) on Tuesday reported a loss of $39.1 million in its third quarter.

The Milpitas, California-based company said it had a loss of 17 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 11 cents per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The computer security software company posted revenue of $238.5 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $227.3 million.

For the current quarter ending in December, FireEye expects its per-share earnings to range from 9 cents to 11 cents.

The company said it expects revenue in the range of $237 million to $241 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $227.3 million.

FireEye expects full-year earnings in the range of 28 cents to 30 cents per share, with revenue ranging from $930 million to $934 million.

FireEye shares have dropped 15% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.10, a fall of 13% 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