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Sourcefire CEO Takes Medical Leave Of Absence; Reports Preliminary Q2 Results

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7/2/2012 4:37 PM ET

Sourcefire Inc. (FIRE) announced that the company's Chief Executive Officer, John Burris, has taken a medical leave of absence to undergo a series of treatments for colon cancer.

The company said its board has named Martin Roesch interim Chief Executive Officer. Roesch founded Sourcefire in 2001 and is the Company's Chief Technology Officer and a member of the Board of Directors. He will retain his current responsibilities while serving as interim Chief Executive Officer.

Burris will continue to serve as a member of the Company's Board of Directors and will also be available when possible to the executive team for strategic input during his leave.

The company also announced preliminary unaudited financial results for the second-quarter ended June 30, 2012. The company currently expects revenue and adjusted net income per share to be at the high end to slightly above the prior guidance range. Analysts polled by Thomson Reuters expect the company to report earnings of $0.14 per share on revenues of $48.98 million for the second-quarter. Analysts' estimates typically exclude special items.

Previously, the company had expected earnings in the range of $0.00 to $0.02 per share, adjusted earnings of $0.12 to $0.14 per share, and revenues of $46.5 million to $48.5 million for the second-quarter.

The company said it expects to release its second quarter 2012 financial results after the market closes on July 31, 2012.

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by RTT Staff Writer

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