FireEye Posts Wider Loss In Q3; Billings Falls Short Of Its Expectations

(RTTNews) - FireEye, Inc. (FEYE) reported a third quarter GAAP loss attributable to stockholders of $135.5 million compared to a loss of $120.0 million, a year ago. Loss per share was $0.88, compared to a loss of $0.83. Non-GAAP net loss per share was $0.37, for the quarter.

Total revenue increased to $165.6 million from $114.2 million. Non-GAAP billings were $210.6 million compared to $165.1 million, previous year.

"While we outperformed on many financial metrics, our billings performance did not meet the expectations we set in late July. The strength evident in our sales to new logo customers, our North American enterprise business and the Asia-Pacific region was partially offset by weakness in Europe. We believe this was due to a combination of macroeconomic factors, as well as the growing pains of a new organization," said Mike Berry, FireEye CFO.

For the fourth quarter of 2015, FireEye expects total revenue in the range of $182 to $190 million. For the fourth quarter, on a non-GAAP basis, the company expects: total billings in the range of $240 to $260 million, and loss per share of $0.36 to $0.38.

For 2015, the company currently expects total revenue in the range of $620 to $628 million. For 2015, on a non-GAAP basis, the company expects: total billings in the range of $780 to $800 million, and net loss per share of $1.61 to $1.63.