Sourcefire Inc. (FIRE: Quote) announced that its second-quarter GAAP net income was $1.1 million or $0.04 per share, compared with GAAP net loss of $0.4 million, or a loss of $0.01 per share, in the second quarter of 2011.
Adjusted net income for the second quarter of 2012 was $4.9 million, or $0.16 per share, compared to adjusted net income of $2.4 million, or $0.08 per share, for the second quarter of 2011.
Revenue for the second quarter of 2012 was $50.6 million compared to $36.5 million in the second quarter of 2011, an increase of 39%.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.14 per share on revenues of $48.86 million for the quarter. Analysts' estimates typically exclude special items.
The company expects revenue for the third quarter of 2012 in the range of $54.0 million to $56.0 million, net income per share in the range of $0.04 to $0.06 and, on an adjusted basis, net income per share in the range of $0.19 to $0.21. Analysts expect the company to report earnings of $0.22 per share on revenues of $55.06 million for the third-quarter.
The company said its expectation of adjusted net income per share excludes stock-based compensation expense of $7.2 million to $7.4 million and amortization of acquired intangible assets of approximately $0.3 million, and includes an assumed 35% tax rate.
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by RTT Staff Writer
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