FireEye Higher After Reporting Better-Than-Expected Results

FireEye  (FEYE) – Get Report shares rose after the cybersecurity-solutions provider reported better-than-expected third-quarter revenue and adjusted net income.

The Milpitas, Calif., company reported a GAAP loss per share of 17 cents a share, narrowing from a loss of 31 cents in the year-earlier quarter. 

On an adjusted basis, third-quarter net income was 11 cents a share against 2 cents a year earlier.

Revenue advanced 5.6% to $238.5 million from $225.9 million.

A survey of analysts by FactSet produced consensus estimates of a net loss of 16 cents a share, or an adjusted profit of 7 cents, on revenue of $227.7 million.

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