FireEye slumps aftermarket following 2014 guidance
NEW YORK (AP) — Shares of FireEye skidded in aftermarket trading after the computer security software company reported its fourth-quarter results and unveiled expectations for 2014 that were below what Wall Street had been forecasting.
FireEye stock lost $6.05, or 7.7 percent, to $71.96 aftermarket.
It said it lost $2.5 million, or 2 cents per share, in the fourth quarter. A year ago it took a loss of $12.6 million, or 97 cents per share. Excluding one-time gains and charges, the company said it lost 35 cents per share in the latest quarter. Its revenue rose 81 percent to $57.3 million.
Analysts expected a loss of 38 cents per share and $56.1 million in revenue, according to FactSet.
The company said it lost $120.6 million, or $2.66 per share, in 2013. That's after losing $35.8 million, or $3.28 per share, in 2012. FireEye said its revenue nearly doubled to $161.6 million.
FireEye said it expects to lose 51 to 56 cents per share on an adjusted basis in the first quarter on $70 million to $72 million in revenue. Analysts expected a loss of 38 cents per share and $76.5 million in revenue.
For full-year 2014, FireEye is calling for an adjusted loss of $2 to $2.20 per share on $400 million to $410 million in total revenue. Analysts expected a loss of $1.42 per share and $406.5 million on average.
FireEye Inc. went public in September with an IPO valued at $20 per share. The Milpitas, Calif., company's shares rose $1.16 to $78.01 on Tuesday.