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FireEye: 4Q Earnings Snapshot

MILPITAS, Calif. (AP) _ FireEye Inc. (FEYE) on Wednesday reported a loss of $49.2 million in its fourth quarter.

The Milpitas, California-based company said it had a loss of 23 cents per share. Earnings, adjusted for one-time gains and costs, were 7 cents per share.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The computer security software company posted revenue of $235.1 million in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $226.4 million.

For the year, the company reported that its loss widened to $257.4 million, or $1.24 per share. Revenue was reported as $889.2 million.

For the current quarter ending in April, FireEye expects its results to range from a loss of 5 cents per share to a loss of 3 cents per share.

The company said it expects revenue in the range of $222 million to $226 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $223.2 million.

FireEye expects full-year earnings in the range of 20 cents to 24 cents per share, with revenue ranging from $935 million to $945 million.

FireEye shares have decreased 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16, a fall of 13% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FEYE at https://www.zacks.com/ap/FEYE