FireEye Q2 Net Loss Widens

(RTTNews) - FireEye, Inc. (FEYE) reported a net loss for the second quarter of $116.8 million or $0.82 per share, compared to a net loss of $40.2 million or $2.15 per share for the year-ago quarter.

Excluding items, adjuste net loss for the latest quarter was $78.5 million or $0.55 per share.

Total revenue for the second quarter surged to $94.49 million from $33.22 million a year ago.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.60 per share on revenue of $90.19 million for the second quarter.

For the third quarter, FireEye expects total revenue in the range of $114 to $117 million and adjusted loss per share of $0.52 to $0.56. Analysts currently expect the company to report a loss of $0.56 per share on revenue of $108.88 million for the third quarter.

For the fourth quarter, the company currently expects adjusted loss per share in the range of $0.46 to $0.50.

For 2014, the company currently expects total revenue in the range of $423 million to $430 million, compared to the prior guidance range of $405 to $415 million. The company now expects 2014 adjusted loss per share of $2.05 to $2.15, compare to its prior outlook of an adjusted loss of $2.10 to $2.30 per share. Analysts currently expect the company to report a loss of $2.23 per share on revenue of $412.18 million for the full year 2014.