FireEye Q3 Loss Widens, Backs 2014 Loss Outlook - Quick Facts

(RTTNews) - FireEye, Inc. (FEYE) reported third-quarter net loss attributable to common stockholders of $120.03 million or $0.83 per share, compared to loss of $50.93 million or $1.61 per share in the prior-year quarter.

Excluding items, adjusted net loss for the quarter was $73.87 million or $0.51 per share, compared to loss of $38.19 million or $1.21 per share in the year-ago quarter.

Results for the quarter were calculated on 144.92 million weighted average shares, compared to 31.59 million shares in the year-ago quarter.

Total revenue for the quarter surged to $114.21 million from $42.65 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.56 per share, on revenues of $116.02 million for the quarter.

Looking ahead to the fourth quarter, the company expects adjusted loss in a range of $0.46 to $0.50 per share, on projected revenues between $135 million and $147 million. Analysts currently estimate a loss of $0.50 per share on revenues of $144.21 million for the quarter.

For fiscal 2014, the company continues to expects loss in a range of $2.05 to $2.15 per share, while trimming revenue forecast to a range of $418 million to $430 million from the prior projection between $423 million and $430 million. Street is currently looking for full-year 2014 loss of $2.13 on annual revenues of $428.46.