LifeLock Q1 Loss Widens, But Beats Estimate

(RTTNews) - LifeLock, Inc. (LOCK) on Wednesday reported a first-quarter loss that widened to $5.2 million from $4.1 million a year ago. Net loss per share was $0.06 for the quarter, compared to $0.05 last year.

Adjusted net loss for the quarter was $1.0 million, compared to an adjusted net income of $0.6 million a year ago. Adjusted net loss per share was $0.01 for quarter, compared to an adjusted net income of $0.01 per share in the similar quarter last year. On average, eight analysts polled by Thomson Reuters expected a loss of $0.02 per share for the quarter. Analysts' estimates normally exclude one-time items.

Total revenue for the first quarter was $107.6 million, an increase of 31 percent from $82.1 million last year. Eight analysts had a consensus revenue estimate of $105.59 million for the quarter.

Looking ahead, the company expects second quarter adjusted net income in the range of $0.03 to $0.04 per share, with total revenue anticipated in the range of $113 million to $114 million. Analysts currently expect earnings of $0.06 per share for the quarter, on revenues of $112.59 million.

For the full year 2014, adjusted net income is projected in the range of $0.44 to $0.48 per share. Full year total revenue is forecast in the range of $460 million to $468 million. Analysts currently expect earnings of $0.45 per share for the year, with revenues of $463.51 million.