LifeLock Q2 Loss Widens; Backs 2014 EPS, Boosts Revenue Outlook - Quick Facts

(RTTNews) - LifeLock, Inc. (LOCK) Wednesday reported a second-quarter net loss of $2.80 million or $0.03 per share, wider than $2.07 million or $0.02 per hare in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $4.56 million or $0.05 per share, compared to $3.23 million or $0.03 per share in the year-ago quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.04 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter grew 29 percent to $115.71 million from $89.52 million in the same quarter last year. Analysts estimated revenues of $113.92 million for the quarter.

Looking ahead to the third quarter, the company expects adjusted earnings in a range of $0.14 to $0.15 per share, on projected revenues between $119 million and $121 million. Analysts currently estimate earnings of $0.16 per share on revenues of $119.61 million for the quarter.

For fiscal 2014, the company continues to expect adjusted earnings in the range of $0.44 to $0.48 per share, but raised revenue guidance to between $466 million and $471 million from the previous projection between $460 million and $468 million.

Street is currently looking for full-year 2014 earnings of $0.45 per share on annual revenues of $466.81 million.