FireEye (FEYE) late Wednesday reported a first-quarter loss that met expectations as the top-line beat, but light June-quarter guidance sent shares in the cybersecurity company down in after-hours trades.
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FireEye reported an adjusted first-quarter loss of 4 cents a share. It narrowed its loss from a year ago, in line with expectations. Revenue rose 8% to $199 million, topping estimates.
A year earlier, FireEye reported a 9-cent per share loss on sales of $174 million. Analysts expected FireEye to report a loss of 4 cents a share on sales of $195 million for the period ended March 31.
"We continued to drive innovation across our product portfolio, added new features and functionality, and updated our pricing and packaging," FireEye Chief Executive Kevin Mandia said in a news release.
FireEye Sees Loss
For the June quarter, FireEye said it expects a loss in a range of zero to 3 cents a share vs. estimates of a 1-cent loss. FireEye forecast revenue of $201 million, in line with Wall Street estimates.
FireEye provides web, email and malware security software to businesses and government agencies. Some analysts have been bullish over its next-generation "Helix" security analytics platform.
Shares in the maker of computer security software fell 4% to 46.83 in after-hours trading on the stock market today.
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